Budget Agreement: A Game-Changer?

There are conservatives I respect on both sides of the "budget divide" -- those who are pleased with the deal John Boehner struck, and those who observe, rightly, that it falls short of the amount that campaigning Republicans promised to cut during the 2010 election season.

But here is a post worth considering. It's from John Taylor, a former undersecretary for the Treasury in the Bush administration, and there's a decent chance he will serve as Treasury Secretary in a Republican administration someday.

Mr. Taylor believes that the budget agreement was a "game changer" -- and points out that the agreement reversed the Obama Administration's proposed increase in discretionary spending for 2011 into an actual decrease in discretionary spending . . . not small stuff.