The sequester also manages to be an economic distraction. Once again, it fails to address the ballooning costs of entitlement programs while making all other categories of spending pay the price. While imposing a 5.1 percent cut in domestic discretionary programs and a 7.3 percent cut in defense discretionary programs, the sequester involves a 2 percent reduction in Medicare provider payments. Yet health entitlements — Medicare, Medicaid and Obamacare — will account for all of the projected explosion in federal spending in coming decades (since all other spending combined is projected to decline as a share of the economy). The sequester obscures and avoids the true sources of long-term debt.
The American political system is not designed for efficiency. But it presupposes deliberation and leadership. The serial abdication of both eventually has an economic and human cost.
Michael Gerson's email address is michaelgerson@washpost.com.
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@mike and hemlock
So its Obamas fault that congress could not do their job? good luck selling that to the public, oh thats right conservatives already failed at that, we need look no further then the last election and their current approval More..
Well barack? happy?
Mr. Obama is getting exactly what he asked for. Maybe he thought that he could "bluster" his way past the problem. Maybe he thought that Congress would, once again, abdicate its responsibility to rein him in. Maybe he thought that Harry More..