It occurs to me that I should have spelled out a few assumptions underlying my prescriptions in the previous post. They are:
1) Deficit reduction should be achieved to the maximum extent possible through spending reduction.
2) Reining in entitlement spending should be our highest budget priority.
3) While it might be theoretically possible to put defense spending on a lower trajectory without compromising national security — and for any given level of cuts we should work to keep them from doing so — in practice the deal’s potential cuts to spending run too high a risk of leaving us with too weak a military.