A new USA Today article exploring the impacts of sequestration suggests federal budget cuts designed to save $85 billion in the short term might end up costing the government more money in the future through lower tax revenue, increased unemployment, contract terminations, and deferred maintenance on warships and airplanes.
UMBC political science professor Roy T. Meyers, a former Congressional budget analyst, adds, “It makes it less likely that some contractors will want to supply services into the federal government, and in the future they’re going to charge a risk premium.”
Meyers further argues, “We’ve been paying this cost of sequester for a while already, just through wasted administrative time preparing for conditional cuts that generate absolutely no value for the American public.” Read the full article online at USA Today.
Tags: CAHSS, PoliticalScience
