StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between


Posted by Stan Collender

Anyone involved in, observing or analyzing the federal budget knows by now that the sequester -- the across-the-board spending cuts that were triggered when the anything-but-super committee failed to agree on a deficit reduction plan -- was supposed to be so bad that Democrats and Republicans alike would do everything possible to avoid it. That was the theory, anyway.

The problem is that it hasn't worked out as expected. Rather than be the worst-possible alternative, it turns out that the sequester is actually the best for most representatives and senators compared to the tax increases and Medicare and Medicaid reductions that one side or the other (but not both) are saying they prefer.

That's not to say that the sequester is anyone's first choice because it clearly isn't. But it's just as clearly become everyone's second choice compared to every other alternative way to reducing the deficit.

But what if the question were different? What if instead of the sequester vs a tax increase or entitlement reduction, the choice was between a sequester and no sequester?

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