Budget Sequestration and State-level Losses

An advocacy organization examines how the federal budget sequestration plan would affect the states.

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This is the first time I have

This is the first time I have seen anyone advocate that government spending has a 2x multiplier (2.4bn in budget cuts results in 4.5bn lost economic activity). Figures I have seen seem to indicate that the multiplier on government spending is neutral to slightly negative. And there in lies the problem with special interests. They always twist the statistics to make it look like THEIR budget should be left alone. And let's not kid ourselves, the NIH is just another special interest. Across the board cuts are not how any sane business would deal with a budget deficit, but the more I look into it the more it appears that this is the only way to deal with it in government. Doing anything else just makes the lobbyists be fruitful and multiply. We have gutless politicians and administrators who care only about self preservation.