Kevin Drum quoted this from James Fallows in a post labelled "threat inflation"
As I think about it this war and others the U.S. has contemplated or entered during my conscious life, I realize how strong is the recurrent pattern of threat inflation. Exactly once in the post-WW II era has the real threat been more ominous than officially portrayed
I thought, "wow, someone from the Coke or the Pepsi party is finally going to call BS on all the apocalyptic forecasts from both parties over the sequester." But alas, he was just discussing foreign policy. That is not to say I don't agree with the basic point, that foreign policy prescriptions are often accompanied by exaggerated horror stories of imminent threats -- I just wish they would recognize the same dynamic on the domestic front, whenever the smallest cut in government spending growth rates suddenly mean we are are going to put grandma out on an ice flow to freeze.