With less than two weeks to go until the March 1 deadline for automatic budget cuts, the administration is issuing dire warnings about how crucial government services are about to wither. Many of the warnings may come true.
Tonight's presidential debate is ostensibly about foreign policy, but budget politics will underlie everything the two candidates say. That's because America's foreign policy is scripted by two factors: its pocketbook and its willingness to write checks for overseas military engagements.
News has begun to filter out about a doomsday plan among defense contractors. Unless Congress and the president pass a rational budget plan for 2013 soon, they're going to implement massive layoffs -- right before the election.