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You are here: Home / Government Contracting News / Economists doubt government can dodge sequestration

August 27, 2012 By AMK

Economists doubt government can dodge sequestration

Economists speaking at an Aug. 10 New America Foundation event in Washington, D.C. were not optimistic that legislators will find a way to dodge sequestration, the across-the-board discretionary spending cuts due to be implemented in January 2013 as required by the Budget Control Act.

Reaching a bipartisan agreement on a budget that combines tax increases and cuts enough to waive sequestration is “ambitious but possible if after the election there’s a sense that, ‘Okay, we’re now going to try to get something done,'” said David Wessel, economics editor of The Wall Street Journal and author of Red Ink: Inside the High-Stakes Politics of the Federal Budget.

“We’ll see whether that’s the sense after the election,” he added.

Keep reading this article at: http://www.fiercegovernment.com/story/economists-doubt-government-can-dodge-sequestration/2012-08-20.

Filed Under: Government Contracting News Tagged With: budget cuts, sequestration, spending, taxes

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