The resulting PR blitz may be designed to hype the impact of sequestration, but behind the grandstanding there are a couple of realities that genuinely could slow the economy. The first is that all the publicity about sequestration could have a negative psychological effect on the private sector. Stories about the dire effects of budget cutting don't exactly make individuals spend optimistically, or encourage businesses to get aggressive about hiring.Beyond the psychology, there is the reality that the deficit will have to be addressed. Whether it's spending cuts, tax increases, or both, some kind of drag on the economy is inevitable.
Job Growth Swims Against The Tide Of Budget Cuts
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