In two days, the sequestration axe will either drop, or it won’t. Personally, I am about as close as you can get to the situation, and I have no idea how it will turn out. While the “national security” argument against sequestration was gradually left behind, the arguments against the cuts have become increasingly economic in nature. These arguments are problematic at best and disingenuous at worst.
A while back, I proposed a couple of ways to gradually cut more than sequestration does, therefore creating less pain in the current fiscal year; but as dieting often fails, cutting swiftly might be the only surefire method to actually cut spending. Putting the cuts into perspective, as George Will did in his article this weekend, $85 billion from a $3.6 trillion budget, or 2.3%, is miniscule. The “draconian” cuts merely return us to 2006 levels.
I have been advocating deeper cuts for some time now, and as a defense contractor, am prepared to lose my job as a result (although I don’t expect to). I will try to be as objective as possible herein as I offer a couple of personal thoughts as we draw closer to the actuality of sequestration: