Sequestration is a Bad Fiscal Sequel

Sequestration is a Bad Fiscal Sequel

by Sean Hackbarth Feb 8, 2013
 <iframe width=”640″ height=”360″ src=”http://www.youtube.com/embed/SVsHrIEIlbs?feature=player_embedded&#8221; frameborder=”0″ allowfullscreen>

Washington, sometimes called, “Hollywood for ugly people,” is making a lame sequel following the drama at the end of 2012. Call it, Fiscal Cliff 2: Sequestration.

“Sequestration” is the fancy DC word for the $1.2 trillion of automatic, across-the-board spending cuts over 10 years that are set to go into effect March 1. Bloomberg’s Dominic Chu shows us why it would hurt the economy. Continue reading “Sequestration is a Bad Fiscal Sequel”