In response to:

Embrace the Sequester

DHE Wrote: Feb 22, 2013 5:48 PM
The sequester is nothing much. It is the belief that (most) government spending creates private growth that is the problem. What is so hard about the concept that when government spends it is ultimately taxing and spending private wealth or devaluing their currency? There are some things only government can do. But, we have gone far away from that model and are now trying to fix a broken plane by putting tape on its wings. The worse the economy is and the sooner it is recognized that they cannot succeed by continuing what is obviously madness, the better. It is a shame so many of us will suffer because of it as jobs continue to fail.
rk58 Wrote: Feb 22, 2013 8:19 PM
I have no confidence that anyone will 'realize' that things aren''t working. In the ex-Soviet Union, things were MUCH worse in terms of economic realities and that economy crashed hard. There are too many useful-idiot voters that don't get economics and don't realize how much the government is messing things up.

Something odd happened a few months ago as I weighed the various aspects of the dreaded Sequester Monster, a creature vilified across party lines.

It is often true that if enough people in government say something is bad, there is a strong chance of redeeming qualities.

So my journey began. The only element of the sequester that bothered me in the least was military cuts. But my friends at the Institute for Policy Innovation properly observe that defense spending will not fall below 2007 levels, which were 75% above pre-9/11Pentagon budgets.

High enough for me? Of course not. I actually want...