Bullcrap! The problem is uncertainty about taxes and expenses for business. If the gov't came out with a plan that said the gov't share of GNP would decrease from its current level to 15% of GNP, and that personal and corporate taxes would be dropped to 17% and 15% respectively, growth would explode, not shrink. Do you think it's by accident that the fastest growing economy in the world has the lowest corporate and personal income tax rates in the world? That same country has reduced the gov't share of GNP from almost a third to 5%. Shrinking gov't presence in markets would cause companies from around the world to flock to the US. So what's the fastest growing country these days--and directly attributable to a shrinking gov't? Chile. Look it up.
It's time to kick the freeloaders off the wagon. You don't have anything in the game, you don't play. You don't pay federal taxes, you don't get to vote. Sequestration has no measurable, correlated, impact on economic growth. This is just Washington being PO'ed because its power was decreased for lack of funds...period.
Well stated!
I think the solution is simple (stability so investors have the confidence to bet) yet very difficult (pols can’t help but meddle to buy votes).
Bingo! You hit it on the head! It is much like the depression, when the uncertainty kept the depression going until Roosevelt's heart stopped beating!