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Sequester's Impact from Econbrowser, Feb 20, 2013:
"By the end of 2014, the sequestration would cost roughly 700,000 jobs (including reductions in armed forces), pushing civilian unemployment up. The higher unemployment would linger for several years.
The shifting views on sequestration from Republicans:
Sept 2012, Eric Cantor warned that the sequester cuts would make unemployment "soar" and risked "setting back any progress the economy has made".
Paul Ryan repeatedly said the cuts threatened massive job losses.
John Boehner: "The sequester was designed to be ugly...so no one would go there...it's like taking a meat-axe to federal spending...no one on either side believes this an apporpriate way to reduce the role of government".
About a week ago, Boehner told AP the sequester was a disaster that would present him and his members with nothing but bleak options if it went into effect.
Yesterday, Boehner said in the WSJ that the sequester "threatens U.S. national security, thousands of jobs and more". Conservative Byron York is puzzled, questioning, "Why would the Republicans support a measure that threatens national security and thousands of jobs?...Could the GOP message on the sequester be any more self-defeathing?"
Republicans who are looking forward to the sequester taking effect:
Rep. Mike Pompeo asked if he was concerned about the political fallout said, "It's going to be a homerun...I am very optimistic that on March 2nd, we'll all wake up and America will have tremendous respect for what its House of Representatives led".
Rep. Cynthia Lummis said, "Sequestration will take place...I am excited".
Rep. Paul Broun: "I want to see it go into place".
Rep. Scott DesJarlais: "Sequestration needs to happen".
Rep. Tom Cole: "We would rather see those cuts happen".
There are several more Republicans publicly, blithely looking forward to across the board cuts.
It's clear that John Boehner fully understands the sequester is "ugly" and now trying to say it was all Obama's idea even though he sold sequester to his caucus in 2011 and told everyone it was a great accomplishment. The truth is he had no power over his extremist house members who had and have no qualms about shutting down our government, tanking our economy or the global economy or threatening national security. He could not get them behind his own bill in August 2011 and was desperate to find something he could sell to them to avoid our country defaulting on it's debts.
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