While the debate in Washington, amid these dreaded days of "sequestration," is about whether to increase revenues or cut spending --- or somehow achieve a compromise that does both --- here in Oklahoma, the state legislature is (once again) looking to reduce tax revenues. This comes despite the fact that our state currently has a number of extremely pressing needs vis a vis education, DHS, corrections, and infrastructure --- as well as, of course, the long-term and likewise urgent problem of pension liabilities.