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Keith thanks as always for your thoughful comments. As some know I have been saying since the Super Committee Failed to come up with a grand bargin back in late 2011 that sequestration would happen. I am not willing to give any elected official at either end of PA avenue credit for any kind of designed strategy re sequestration, but you can get me to buy into that where we are today is the result of predicatable happenstance that nobody wants to interrupt. The brillance of sequestration is significant cuts to the federal budget go into effect without anybody having to vote!

The larger question you are getting at is are these cuts sufficient without revenue increases to right the US' listing economic ship. I believe the apparent answer is not by a long shot. If that is true then an economic reconning is coming which will bring with it dynamic and unpredictable political change.