February 20, 2013

NEVER LET THE BEST PREVENT THE BETTER:

The Upside of the Sequester (RICK NEWMAN, February 19, 2013, US News)

It's still not the best way to fix the government's finances. Since it would do nothing to prioritize the most useful federal programs, the sequester could inadvertently cost the government revenue, through tax receipts lost due to a slowdown in economic activity. That would obviously make the debt problem worse. It would be better if politicians could agree on targeted cuts that would be phased in slowly, giving everybody affected time to adjust.

Yet even critics of the sequester grudgingly acknowledge it will help with deficit reduction. Budget gurus Alan Simpson and Erskine Bowles, for instance, called the sequester "mindless" in their latest blueprint for government reforms. Yet they also identified the sequester as one of four essential steps that must be taken to get the government back on track, with the other steps including tax and entitlement reform, along with further tax hikes and spending cuts.

Posted by at February 20, 2013 6:22 PM
  

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