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”