The Dow hits 5,000 for the first time. Tom Hanks wins the Oscar for “Forrest Gump.” Pete Sampras wins his third straight Wimbledon title. And Newt Gingrich and Bill Clinton clash over when to balance the budget.
It’s retro but true: The budget wars are about to make it 1995 all over again.
Let me explain. Washington is obsessed with the “sequester” and the next debt-ceiling showdown. And not without reason. Heck, the president is canceling White House tours, so things are tough all over.
