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Author: salaryguru Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1977469  
Subject: Re: Sequestration Farce Date: 2/24/2013 2:40 PM
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Too bad it address zilch of the real issue: that the sequester . . . really amounts to nothing . . .

While I don't agree that it amounts to nothing, there are plenty of Republicans and Democrats trying to frighten the other side into flinching and surrendering to their position. I actually believe that with all the faults of the sequester, it is probably the best legislation we can hope for given the present make-up of Congress.

It won't be good for the US economy for us to reduce employment (through spending cuts) when recovery from the Bush Recession is still ongoing. And as even Will mentions, the cuts are not going to be well thought out and appropriate. But it is going to take more time and a few more elections before we are able to build a functional Congress again.

I don't know if Republicans have really thought through their long-term strategy on this. Maybe they really believe that these kinds of cuts to government funding and employment will have a positive effect on the economy and they will be able to take credit for that. It appears that most legitimate economists disagree. The prevalent thought is that this may stall, or even reverse, recovery. If that is the case, then Democrats stand to gain quite a bit in the next election by placing the blame for not doing something different on the Republicans.

And you can bleat and whine all you want about this being Obama's plan. It is clear that he is not the one keeping us from moving to a better plan now. That's what voters are likely to remember.
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