Two data points:
- The White House on Friday said it will miss the legal deadline for delivering a report to Congress on the spending cuts from sequestration that are scheduled to take effect in 2013.
- The Office of Management and Budget has repeatedly failed to make legal deadlines. It delivered its presidential budget proposals and mid-session updates late both this year and last year.
Under the terms of the Sequestration Transparency Act signed in August, President Obama was to tell Congress by Friday how the administration plans to implement the $109 billion in automatic cuts mandated by the Budget Control Act (the "fiscal cliff").I had forgotten all about this (in fact, I don't know if I was even aware of this requirement). It will be interesting to see how the White House plans to implement $109 billion in budget cuts. My hunch: smoke and mirror projections, mostly involving the military (close out two wars; postpone the Long-Range Strike Bomber program; close GITMO).