I dunno.

If Obama's limited "freeze" is passed reasonably quickly and takes the issue off the table, I think it's a good thing. It takes away a talking point, or at least reduces it. And it would be a decent foundation for future changes to the budget. It shows that the Administration and Congress actually can restrain the budget.

But expecting it to pass quickly is probably far too much to ask.

I would expect the Republicans to want to talk this out for months, to delay any quick "victory" for the Administration.

Krugman's take: http://krugman.blogs...quidates-himself/

Sullivan's take: http://andrewsulliva...iscal-pivot-.html

The elephant in the bedroom is the economy is still very very weak...

It'll be interesting to see how he addresses the +/- arguments tomorrow.

Cheers,
Scott.

It depends on what exactly it means. The guy on Rachel's show last night said that somethings would be cut, some would be increased. There are smart ways to cut spending, even in a recession. It all depends on how it is done.

McCain's freeze proposal was boneheaded. We'll see what BHO's is like.

Cheers,
Scott.

http://delong.typepa...-the-slushie.html

You can't thread that needle with a hatchet. You've got to use a scalpel.

Aye, Carumba!

Obama better be clearer tomorrow than the folks who are throwing up smoke signals thus far... :-/

Cheers,
Scott.