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Don't Fear Sequester "Cuts"

February 25, 2013 in Economics

On March 1, we are told, the world will end. That’s the date on which the spending sequester goes into effect, after being postponed for two months as part of the fiscal-cliff deal. But Cato scholar Michael D. Tanner argues that, while sequestration isn’t the ideal way to cut spending, most of what we are being told about the sequester is just a fairy tale. “Most of the numbers cited about the numbers of jobs at risk,” says Tanner, “come from industry groups with a vested interest in making the cuts look as bad as possible.”

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