Derek Thompson is as underwhelmed as I was by Obama shaving $100 million off the budget:
...killing the deficit beast with paper cuts is not what I would call "setting a tone." Actually, it's what I would call "perpetuating the idea that beasts can be killed by paper cuts." Meaningful steps to closing a $1.75+ trillion deficit this year will require exactly the kind of hard choices that Obama has talked about in public but appear nowhere in his policies. In the heart of a recession, maybe that's to be expected. But when it's finally time to set the tone on deficit cuts, I hope the music's a little bolder.