Could the sequester actually be good for America?
A real crisis could force us out of our fiscal fantasy world
Welcome to Sequester Week: If Congress does nothing before Friday, the federal government starts dealing in $85 billion in cuts to discretionary spending over the rest of this fiscal year, and $1.2 trillion over the next decade, roughly half of it from the Defense Department budget. To underscore, again, how unpleasant these cuts will be, President Obama on Sunday released a detailed breakdown of what programs and jobs could be cut in each state and congressional district.
Obama and congressional Democrats have a pretty unified message on the sequester: Replace it with a "balanced" package of targeted tax increases and spending cuts. Republicans, on the other hand, are divided into roughly three camps, says Ginger Gibson at Politico, and two of those either are willing to let the cuts kick in or "want the cuts to be even deeper," arguing that Obama is using "scare tactics" to make necessary cuts sound worse than they will be. Many Republican governors, gathered in Washington for the National Governors Association meeting, fall into the third camp: Fix it!
The governors are right to be nervous, says economist Jared Bernstein at his blog. "While the truth is no one knows how this is going to play out, I strongly suspect it will be rough at both macro and micro levels." On the macroeconomic level, we'll probably see half a point shaved from an already too-weak GDP and hundreds of thousands of job losses. And on the micro level, "the layoffs and furloughs I'm reading about sound real to me, and I suspect their impact will be felt by many people if this drags on for more than a few weeks" — cuts in Head Start and food stamps, defense contractors and FDA food inspectors, and "for anyone who travels a lot, like I do, the TSA and FAA furloughs are... um... worrisome." If you're heading to the airport soon, "bring a good book. A good, long book."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But there could be an upside, say Chris Cillizza and Aaron Blake at The Washington Post. "The most basic truth of modern politics is that action happens only in response to crisis," and this could be the crisis that spurs Congress into big action — and Americans into getting a grip on our fiscal plight. That could be a good thing.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Create an account with the same email registered to your subscription to unlock access.
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
'Voters know Biden and Trump all too well'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
Is the Gaza war tearing US university campuses apart?
Today's Big Question Protests at Columbia University, other institutions, pit free speech against student safety
By Joel Mathis, The Week US Published
-
DOJ settles with Nassar victims for $138M
Speed Read The settlement includes 139 sexual abuse victims of the former USA Gymnastics doctor
By Justin Klawans, The Week US Published
-
Arizona court reinstates 1864 abortion ban
Speed Read The law makes all abortions illegal in the state except to save the mother's life
By Rafi Schwartz, The Week US Published
-
Trump, billions richer, is selling Bibles
Speed Read The former president is hawking a $60 "God Bless the USA Bible"
By Peter Weber, The Week US Published
-
The debate about Biden's age and mental fitness
In Depth Some critics argue Biden is too old to run again. Does the argument have merit?
By Grayson Quay Published
-
How would a second Trump presidency affect Britain?
Today's Big Question Re-election of Republican frontrunner could threaten UK security, warns former head of secret service
By Harriet Marsden, The Week UK Published
-
'Rwanda plan is less a deterrent and more a bluff'
Instant Opinion Opinion, comment and editorials of the day
By The Week UK Published
-
Henry Kissinger dies aged 100: a complicated legacy?
Talking Point Top US diplomat and Nobel Peace Prize winner remembered as both foreign policy genius and war criminal
By Harriet Marsden, The Week UK Last updated
-
Trump’s rhetoric: a shift to 'straight-up Nazi talk'
Why everyone's talking about Would-be president's sinister language is backed by an incendiary policy agenda, say commentators
By The Week UK Published
-
More covfefe: is the world ready for a second Donald Trump presidency?
Today's Big Question Republican's re-election would be a 'nightmare' scenario for Europe, Ukraine and the West
By Sorcha Bradley, The Week UK Published