It takes place over nine years, forces $1.2 T deficit reduction automatically. It penalizes congressional and executive inaction which is highlighting the stupidity of all sides.
The DoD and discretionary domestic spending lose equally. Congress could easily re-fund critical DoD programs. Also any agreement on taxes can be made retroactive to Jan 1.
IMO the hype right now is designed to make the Republicans look weak, ineffective and cruel in the eyes of an uninformed or more properly, a mis-informed public. They have already demonstrated their stupidity last November, how can it get worse?
Can someone tell me why "sequestration" could be so bad?
That's the real punch line here: it's not that bad. It will be worst at first, and may cause a mild recession. After that, it's pretty positive. The "end of the world" BS is political posturing at its worst.
BECAUSE they won’t do sequestration. Just the tax increases.