[Diana in Wisconsin]

Dow down 105 as of now. Yes, not a true panic, yet. :)

[mewzilla]

Here's a blast from the recent past, circa 2006....

10 Elements of Comprehensive Budget Process Reform

Ending baseline budgeting. Baseline budgeting keeps entitlement spending on autopilot and creates the false impression that anything less than a large, previously assumed spending increase is a "cut." That is a recipe for rapidly accelerating spending.

We never learn.

[kabar]

Dow down 43 now. NASDAQ up slightly.