Sequestration Cuts No Longer the 'Bad Policy' Bogeyman for Congress
January 29, 2013
The defense industry has now stared down the prospect of across-the-board spending cuts under sequestration for nearly 18 months — and they look more likely now than ever as the March 1 deadline approaches for the automatic cuts to occur.
When the prospect of $1 trillion in across-the-board cuts to both defense and non-defense spending was included in the 2011 Budget Control Act, leaders in Washington said the cuts would never happen — the across-the-board reductions were “bad policy” to be used as a “forcing mechanism.”
But lawmakers have increasingly become open to the prospect that the cuts will, in fact, occur in 2013, after a two-month delay was included in the New Year’s Eve "fiscal-cliff" deal.