The Real Cost of Shrinking Government

The New York Times

February 16, 2013


In less than two weeks, a cleaver known as the sequester will fall on some of the most important functions of the United States government. About $85 billion will be cut from discretionary spending over the next seven months, reducing defense programs by about 8 percent and domestic programs by about 5 percent. Only a few things will be spared, including some basic safety-net benefits like Social Security, as well as pay for enlisted military personnel.
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