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Sequestration Is Nothing to Fear

February 8, 2013 in Uncategorized

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 Christopher A. Preble argues that the Pentagon cuts currently under consideration are small relative to its gargantuan budget. “The United States will maintain a substantial margin of military superiority over any conceivable combination of rivals even if it spends far less than it does today,” says Preble. “And cuts in military spending should pay dividends for the economy over the long run.”

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