StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



Gordon Adams On Why A Sequester Wil Be Hard For The Pentagon

16 Mar 2012
Posted by Stan Collender

If you're looking for the reason so many federal agencies and interest groups are so worried about the impact of the sequester this January, look no further than this easy-to-read piece by CG&G alum Gordon Adams.

In case the word "sequester" isn't yet in your vocabulary (and if you're reading CG&G that's hard to imagine), that's the across-the-board reduction in spending that was triggered when the anything-but-super committee failed to agree last November on a deficit reduction plan. The $1.2 trillion, 10-year cut will begin on January 2 unless Congress and the White House somehow agree to amend the law -- the Budget Control Act -- that created the hardly-super committee and the sequester in the first place.

Gordon's major point is that the sequester for fiscal 2013 will be difficult for two reasons -- the size of the reductions and the possibility that no department or agency will have any discretion in how the reductions are to be taken. Add the fact that the 2013 reductions will begin with only 9 months left in the fiscal year, and you get a recipe for some very difficult and painful changes.

 

 

story about CBO

I'd be interested in Stan Collender's take on this story and political pressres on the CBO: http://news.firedoglake.com/2012/03/16/ex-cbo-staffers-warnings-about-fo...

Wouldn't post this here, but none of the "contact us" links on the site appear to be working.

Doesn't need to appear as a comment, just would like Stan Collender to receive (and perhaps the webmaster to be informed about the broken contact links).




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