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Tuesday, January 15, 2013

GOLDMAN: Hide Your Kids, The Sequester Is Coming

http://www.businessinsider.com/goldman-the-sequester-is-a-matter-of-when-not-if-2013-1

 Allowing the sequester to hit would, in our view, have greater implications for growth than a short-lived government shutdown, but would not be as severe as a failure to raise the debt limit. Although Republicans in Congress generally support replacing the defense portion of the sequester with cuts in other areas, there is much less Republican support for delaying them without offsetting the increased spending that would result.

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