Once again, Congress is in the midst of a legislative session threatened by a problem of its own making and is uncertain about how, when or where to solve it. In nine months, a law on the books, the Budget Control Act of 2011, will wreak havoc not only on the operations of federal government, but our entire economy, if lawmakers do not agree on an alternative approach to cutting the budget.
Unfortunately, no one in Washington seems to be particularly concerned.
Lawmakers, agency heads, and even lobbyists are discounting the probability of the sequestration mandated in the Budget Control Act—the bill passed last summer to raise the debt limit. That legislation would cut most defense and nondefense discretionary spending by about 12 percent for the first nine months of 2013.
The above excerpt was originally published in The Washington Post. Click here to view the full article.
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