Lawmakers have a hugely consequential fiscal decision in the next couple of days: What to do about the plan to eliminate the $1.7 trillion PAYGO bill that just got snuck into the continuing resolution.  Never heard of it? You are not alone.

Theoretically, we should be hitting a huge sequester early next year that results from excessive government borrowing. Letting it hit would lead to such large cuts they actually cannot be implemented as designed, so something has to change.

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