The Lean Cows Are Coming Out of the Nile

Whatever new government is formed in 2013 will not be able to escape the need to set priorities and slaughter three sacred cows. The first is the defense budget, which has ballooned over the past three years. The second is public-sector wages, and the third is child allowances.

Prime Minister Benjamin Netanyahu did not want to call early elections. He was afraid of previous precedents, which taught him that almost everyone who...