SF Fed Bank: Austerity's creating economic headwinds.

As noted by the FRBSF:

"During the past year, aggregate government budgetary policy has reversed course. Over the next few years, as federal fiscal policy shifts toward austerity, it is likely to be a headwind against economic growth."

 Many things worth noting, but most importantly, federal spending as a percentage of GDP has been dropping (real spending has dropped, too).

Sound bites are easy (like how federal spending is out of control), but analysis isn't that much harder.  The hard part is getting over personal bias built up over political leanings from years of propaganda.