On the recordJuly 29, 2013
Every respectable economist has said that the shortsighted arbitrary cuts known as sequester will cost American jobs. Medical researchers say these painful cuts will set medical research in this country back decades, potentially costing the world a cure for cancer, flu, AIDS, and many other diseases against which we are on the cusp of making great headway. The sequester we know will cost us investments in education that give children a shot at success and keep American workers competitive. We also know the sequester will slash the safety net that keeps millions of senior citizens, children and veterans and low-income families from descending into poverty. I know the sequester is as bad for national security as it is for the economy. These cuts have grounded one-third of U.S. combat aircraft, slashed troop training budgets, and kept an aircraft carrier that should have been headed to the Persian Gulf and other places stranded in port instead. Meanwhile, hundreds of thousands of civilian employees of the Department of Defense, employees who support military missions carried out by servicemembers overseas, have been furloughed. It is not too late to reverse these hard-hearted cuts, cuts that were never supposed to take effect in the first place. The sequester was designed to be so painful it would force Democrats and Republicans to compromise and find a smart, responsible way to reduce the deficit.…





