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Old 01-30-2013, 01:34 PM   #30
Direckshun Direckshun is online now
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Quote:
Originally Posted by Direckshun View Post
Just for the record, this is why the sequester matters:

The economy shrunk a tad at the tail end of 2012, largely because there were drastic cuts in defense ahead of all the Congressional standoffs that are slated for 2013.

Half the sequester is a big, dumb, immediate cut to defense, by hundreds of billions.

It would almost certainly tank the economy in the near term.
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