Yes, Virginia, There’s a Difference

Washington has been hyper-focused on who’s fault the sequester law is, notwithstanding the fact that the Congress passed it and the President signed it. But each party’s plan to avoid it is dramatically different, a fact that’s gotten virtually no attention. While the President wants a mix of cuts and new revenue through closing loopholes, the Republican plan is to replace draconian cuts to military spending with draconian cuts to social insurance programs.