Thoroughly Depressing

Tell us about it. The "Economist" on the Obama budget:

The situation is thoroughly depressing. Washington seems to have finally gotten itself in the mood to cut deficits. Unfortunately, the cuts that result are likely to be unhelpful, or possibly counterproductive, as leaders slash useful programmes to the bone because they're too scared to talk about reining in health care spending, or cutting wasteful defence programmes, or raising taxes.