Ignoring sequestration won’t make it vanish By Walter Pincus, The Washington Post

Of course, the sequester does not put our fiscal house in order.  Further cuts will be required to do that.  Still, Walter Pincus has once again pointed to a serious national blind spot.

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Ignoring sequestration won’t make it vanish

By Walter Pincus, The Washington Post: March 12

Let’s think about the unthinkable — sequestration.
On Jan. 2, 2013, it will kick in if Congress can’t reach agreement before then on $1.2 trillion in cuts or added revenue over the next 10 years. Sequestration will be avoided if Congress passes legislation that President Obama will sign that undoes the legal requirement in the 2011 Budget Control Act.
Otherwise, on Jan. 2 the government must begin imposing the first of 10 years of across-the-board reductions in discretionary spending accounts for defense ($500 billion) and non-defense ($700 billion).