NEW YORK ( TheStreet) -- Sequestration may impose great and unnecessary damage on the U.S. economy. President Obama and Republicans -- so focused on politics and not economics -- have miscalculated on both fronts.The president has spent the last several weeks campaigning for higher taxes and painting a picture of economic Armageddon if he doesn't get his way -- food shortages, massive airline flight cancelations, and the like -- and civil disorder -- fewer police on the streets and cutbacks in border security. To make the point, federal immigration officials released hundreds of detainees to accommodate budget cutbacks.
The Economic Consequences of Sequestration
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