The Economics of Sequestration
Delaying the sequester process for two months confirms that business as usual is well on Capital Hill. The egregious idea of abiding by a former deal that would trigger automatic spending cuts is just too much for Congressional leaders to bear. March 1, 2013 is said to be the new due date. Senatorial magic escapes any semblance of facing up to the obvious. Administration spending is so habitual that even a government shutdown is immune from observance. The true economics of sequestration centers within the next imaginative episode of delay and denial. It is little wonder that commerce and business is a far more risky endeavor, when the principal problem of the national debt is abnegated as an excessive spending crisis.