KEITH HENNESSEY: The President’s Trillion-Dollar Sacred Cow. “The President repeats that both parties must abandon their sacred cows in budget negotiations. Republicans, he argues, will have to agree to tax increases as part of a deficit reduction package. Republicans are being characterized as intransigent and extreme for refusing to do so. What, then, should we conclude about the President’s unwillingness to consider reductions to the trillion dollars of health spending increases enacted in last year’s health laws?”