“Congress has prevented the worst possible outcome by delaying sequestration for two months. Unfortunately, the cloud of sequestration remains. The responsibility now is to eliminate it as a threat by enacting balanced deficit reduction. Congress cannot continue to just kick the can down the road.”
— Defense Secretary Leon Panetta, breathing a sigh of relief Wednesday, noting that some $600 billion in Pentagon budget cuts over the coming decade have been put on hold by last-minute congressional action over New Year's. As for his claim that Congress can't continue kicking the can, Panetta knows better: he served in the House from 1977 to 1993.