This news is disappointing but hardly surprising.
Establishment politicians all but ignored
for this fiscal year, and we know they’ve been hard at work finding a way to wriggle out of the rules (small, automatic spending cuts) they set for themselves but apparently never expected to have to follow.
And now, confirmation of what we suspected:
One key Democratic US senator believes lawmakers soon will find a way to get rid of across-the-board defense cuts so loathed by many on the political right and left. . .
the ever-optimistic Senate Armed Services Committee Chairman Carl Levin, D-Mich., believes Republicans and Democrats are poised to do something substantial on sequestration.
Levin told reporters before Congress left for its August-long recess that “there has to be a coming together” on an alternative to the deficit-reducing defense and domestic sequestration cuts.
He said there have been some talks behind the scenes on an issue he has been pushing: revamping the tax code to close some corporate loopholes, and using the subsequent federal revenues to void sequestration.
It’s not our place to take positions on tax and revenue issues. But on the Budget Control Act and sequestration, the behavior of both sides has been rather indefensible.
Remember, politicians gave us the Budget Control Act in exchange for hiking the debt limit, at the time promising that they’d find cuts in return. Unsurprisingly, the so-called “Super Committee” failed, and sequestration, the consequence they had agreed to, kicked in.
Then, big-spending politicians set to work ignoring it, fighting it, and figuring out ways around it.
And now, they’re on the verge of completely invalidating sequestration.
If you wonder why our country has a spending crisis, look no further than how Congress has handled sequestration.