Sequestration and the Economy

This is Frank Gaffney with the Secure Freedom Minute.

The Congressional Budget Office made news yesterday by warning of a return to economic recession next year if politicians in Washington cannot resolve their budget impasse.  Roughly two million jobs may be lost shortly after the election if there is no relief from the across-the-board spending cuts imposed by the so-called “sequestration” mechanism. 

One would think that such a prospect might concentrate the minds of the political class. After all, if Americans realize before the election that there will be millions of pink slips handed out after they cast their ballots, they may give plenty of them to office-holders.  

Let’s hope that the CBO’s warning causes politicians to hear a lot from their constituents about the imperative need to prevent this self-imposed economic disaster NOW, not clean up after it occurs.

This is Frank Gaffney with the Secure Freedom Minute.  Learn more at SecureFreedomRadio.com.