The Panetta Formula
Leon Panetta served in Washington with nine presidents, starting with Lyndon Johnson. He has been a member of Congress, Office of Management and Budget director, White House chief of staff, director of Central Intelligence and secretary of defense -- the last two under President Obama. He is a man who knows Washington, and knows how to choose his words. So Panetta's implicit rebuke of the president's hands-off approach to the budget crisis at a breakfast Monday was striking.