It's not the cutting, it's the uncertainty.
That's the lament these days from governors and mayors awaiting the outcome of federal budget negotiations.
They know they're likely to take a hit; they just don't know how bad it's going to be.
"How do you budget for the unknown?" wonders Ed Long, the county executive in Fairfax County, Va. "Our worst fear is that by [the federal government] not acting, the economy is going to get worse going forward."