[SkyPilot]

Not only will Sequestration hollow out our military and break faith with our men and women in uniform, it is bad economics.

His advice to stop the slide? "Congress needs to show some courage and brains and cancel sequestration. The growing acquiescence to sequestration needs to end," he said. If sequestration does go into effect, GDP won't be the only thing in decline. The Economic Policy Institute analysis shows sequestration would result in a job loss of some 689,000 in 2013, with the losses split almost equally between defense and non-defense sectors. More job losses would come the next two years – 933,000 in 2014 and 959,000 in 2015. Others predict those numbers could be much higher, with small businesses taking the brunt of the hit.

Our GOP masters have lost their minds if they think all of this is a political winner.

If they allow Sequestration to happen, I predict they will lose the House of Representatives in 2014 by a wide margin.

[gorush]

[GeronL]

government spending should never be counted as part of the GDP, especially when it is all DEBT

[palmer]

I realize we need other cuts to with these, but keeping high defense spending is not “good economics”. At best it is neutral since it doesn’t deplete resources the way stimulus does. The “painful” cuts will have to come sooner or later and it will take guts. It is easy to keep punting.

[E. Pluribus Unum]

If they allow Sequestration to happen, I predict they will lose the House of Representatives in 2014 by a wide margin.

I totally agree, dude.

They should stay away from spending cuts of any kind.

Let the Democrats take the hit for all the spending cuts they have in mind.

I forget... other than gutting defense and opening the southern border wide, what spending cuts do they have in mind?

[hinckley buzzard]

Think about what this says: it says, the only thing keeping the economy out of recession is ever-expanding government borrowing and spending. In other words, a credit bubble. As we have seen repeatedly the last ten to fifteen years, there is no cure for a bubble other than a bust. And better busted sooner than later.

[kabar]

Are you suggesting that we can't cut spending? Not even $100 billion a year from a $3.7 trillion annual budget?

I agree that we don't have to cut DOD by $50 billion a year, but the cuts could come from elsewhere. The House has already passed a bill that cuts the $100 billion in a much wiser fashion. The Dems have yet to come up with an alternative.

We have yet to make any real spending cuts and continue to run trillion dollar annual deficits. Yes, it is going to be painful, but cancelling sequestration in not the way towards fiscal discipline.

[BfloGuy]

Not only will Sequestration hollow out our military and break faith with our men and women in uniform, it is bad economics.

It is not bad economics. Your are very wrongly-informed.

GDP is nothing but a measure of spending. So, if the government spends more, GDP increases.

It's economic nonsense that more spending equals economic growth. The government can spend till hell won't have it and economic growth will not occur.

Economics in the U.S. has been distorted beyond recognition to the point that supposed conservatives are now upset that the government will be spending less.

You may very well argue against the cuts [which are not cuts at all, merely a reduction in the growth of spending], but, please, do not complain about negative economic repercussions.

When the government takes our money and spends it, it goes down an economic hole. That some of it is spent on the military does not change that.

[Hoodat]

Defense spending has increased over last year. Where do these people get this idea that defense spending has been cut?

[1010RD]

The drag to Gross Domestic Product caused by cuts in defense spending

Really, that's the proven cause? I doubt it. Obama's placed plenty of speed bumps on the economy. The military needs cutting. There's plenty of waste throughout government. A smaller government, including the military can be just as effective.