2013-07-03

Cato: Sequestration Cuts Will Lead to Floods, Plagues, and Pestilence

The odds that $85 billion in “unthinkable, draconian” sequestration spending cuts will go into effect in March as scheduled are looking better. The odds must be getting better because, as if on cue, the horror stories have commenced. 
A perfect example is an article in the Washington Post that details the angst and suffering being experienced by federal bureaucrats and other taxpayer dependents over the mere possibility that the “drastic” cuts will occur. You see, the uncertainty surrounding the issue has forced government employees to draw up contingency plans. Contingency plans? Oh, the humanity! 
From the article: 
Sequestration, as the law is known, has sent agencies scrambling to buffer themselves, spending time and money that ultimately may be for naught. Even if cuts take effect, it might not be for long — making the hiring freezes, canceled training, deferred projects, and lengthy planning for furloughs and other contingencies an exercise in inefficiency. 

Read more at http://www.cato.org/blog/sequestration-cuts-will-lead-floods-plagues-pestilence

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