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While I'm not against the sequestration, I much prefer the plan democrats put out recently.
Personally, I am starting to think that it would be a good thing. We got the tax increase we wanted, so, let's do the tough spending cuts. I think that the harm to the economy is vastly overstated.
However, I am going to go out on a limb, here. I predict that if the sequestration happens, the GOP is going to be franticly sending through bills exempting this, or that, or the Pentagon, or whatever. One thing that I have noticed is that the GOP is absolutely dedicated to cutting spending, AS LONG AS NOBODY IN THEIR CONSTITUANCY LOSES THEIR JOB!
Here is what the White house says:
White House Warns Of Sequestration's Effects : It's All Politics : NPR
Your thoughts?
I sorta love the way Boehner is now calling it "Obama's sequester" after this..
[ame=http://www.youtube.com/watch?v=_paKxXLsenA]Boehner Christmas II - YouTube[/ame]
In a way..it's probably the only way anyone is going to see cuts in defense.
And..it's a wonderful way to display what austerity really looks like. The "Contraction" was nearly all based on cuts in government spending.
Drastic cuts are going to cost ALOT of jobs.
If we truly HAD to cut the budget this is the only sane way to do it.
Note the great big if?
I think the budget crises is a fake as the money supply.