The demise of defense is an historic opportunity as well as an inevitability. Managed the right way, it could lead to better peace and security, for example, by breaking us of our habit of seeing everything as threats and throwing money at them.
We tend to obsess about whether the economy is growing (good) or shrinking (bad). But clearly, contracting at 0.1 percent last quarter, as in the initial GDP report, is hardly different than growing at 0.1 percent, as in today's revision.
Have you heard about the undisclosed amount of new un-circulated $100 dollar bills that seem to have disappeared on their way to the Federal Reserve? It seems no one in the federal government even knows how much was lost. Was it billions, maybe trillions? Nobody seems to know.
Is it really possible that the president and Congress (who are the elected representatives of the people) cannot agree on any reasonable reductions that would not imperil the health and safety of the nation?