Sequestration in my book just demonstrates how dysfunctional our government happens to be.
It was an idea that came from the White House when the Super Committee couldn't agree on cuts. By agreeing to Sequestration, Obama got what he wanted from the Repubs, a raise to the Debt Ceiling.
In listening to much of the testimony of why the cuts would be bad, the Repubs put up most of the speakers! It was like a Lobbyist Festival with lobbyist lined up to condem the proposed cuts. Both the Dems and most of the Repubs are fighting against what they agreed to last August! The cuts are in future speanding over a 10 year period which means we will still be adding several TRILLION a year to the Deficit.
As in most issues, they are using fear to convince the American people that the cuts would be devastating. My feeling is, no pain no gain.
I say, "Let the cuts begin"!
"The Budget Control Act (BCA) enacted in August stipulates that if the Joint Select Committee on Deficit Reduction fails to produce a bill to reduce the deficit, there will be across-the-board cuts sufficient to reduce the deficit by a total of $1.2 trillion, starting in 2013.