February 05, 2013

Cheating the Future: The Price of Not Fixing Entitlements

REMI was incorporated into this study to quantify the immediate damages of sequestration to national and state economies and investments. As an ideological conflict erupted over defense and nondefense funding cuts, the statistical evidence got lost in the shuffle. Construction, ambulatory health care, professional, scientific, and technical services were set to lose the most jobs to this sequestration. This study found that to actually address our long-term debt afflictions, we need to reform our entitlement and mandatory spending and tax system and combine that with more specific, targeted cuts to defense as opposed to across-the-board ones.

Third Way – The Economic Impact of Federal Sequestration [full PDF]