By Yuval Levin
Our paralyzed government is lurching toward an agonizing series of budget deadlines. Without some kind of deal, nearly $1 trillion in across-the-board spending cuts will kick in on March 1, the federal government could shut down on March 27, and the nation could default on its debts in May. On Tuesday, President Barack Obama called the looming cuts, known as the sequester, a “meat-cleaver approach” as he urged Republicans to accede to higher taxes.
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