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Why 95% of Traders Fail

Sequester Holding Americans Hostage

Politics / US Politics Mar 16, 2013 - 06:48 PM GMT

By: Walter_Brasch

Politics Judges who wish to assure that a jury has no outside influence will sequester them.
Legally, a sequestered jury is seized by authority and isolated from all outside influences.

The jurors are escorted into and out of the courtroom. They aren’t allowed to read newspapers, listen to radio news, or watch TV news, ’lest they could be influenced by the media. They are escorted to and from meals, and isolated from other customers. They can’t discuss the case with family or friends. They can’t even go home at the end of the day; they’re housed in hotel rooms.


In the summer of 2011, a bipartisan “super-committee” was supposed to come up with a reasonable budget to eliminate $1.2–$1.5 trillion from the national deficit. The Congressionally-mandated sequester went into effect two weeks ago when Congress couldn’t come up with a better idea about the budget. The draconian cuts across all federal programs was supposed to be enacted only as a last-ditch measure. The concept was that Congress and the Administration would be so fearful of the results of the sequester, which the media and elected officials often called a “poison pill,” they would take the time to thoughtfully work out a proper budget, and the sequester would never happen.

But, the Republicans dug in their heels, refused to compromise, and even continued their vacations the last week before the sequester went into effect.

Republican Speaker John Boehner claims he doesn’t like the sequester, never liked it—although he praised it a year ago—and blames President Obama.

President Obama wanted to restore the tax rates that existed before the Bush tax cuts for those earning more than $250,000, while keeping the tax cuts for everyone else. Under Republican pressure, he eventually raised the limit to $400,000. The President further proposed a budget that would yield $1.1 trillion in spending cuts and $700 billion in increased revenue, primarily from closing federal tax loopholes and deductions that benefitted primarily the nation’s upper class. That proposal already included cutting back the deficit by $600 billion. (For those keeping track, George W. Bush came into office with a $236.2 billion surplus; by the end of his presidency, he left Barack Obama a $500 billion deficit and the worst Recession since the Great Depression of 1929.)

The Republicans, willingly jerked around by their Tea Party base, don’t want the restoration of the tax rates for anyone. Of course, they also don’t want to end billions of dollars of corporate subsidies, paid for through taxes upon the working poor. Until this past week, the Republicans didn’t even have a budget proposal of their own until they dusted off and put new polish on Rep. Paul Ryan’s slightly revised budget proposal from the 2012 campaign. That would be the budget proposal the American people rejected when they gave Barack Obama a resounding second term victory.

The Congressional Budget Office says the sequester could cut more than 750,000 federal jobs. Republicans like that idea, especially since most federal employees are also members of unions. But, those jobs include public health officials, social service workers, teachers, air traffic controllers, and others in critical jobs. Cutting social services appeals to the Republican mind-set, but cutting the number of air traffic controllers alone would cause not just a severe reduction of flights, but significant lost revenue for the airlines. Obviously, the Republicans, the party of corporate America, don’t really care.

And now we learn that the Republican leadership wasn’t honest with their own members, and didn’t tell them of the cuts the President had already agreed to, and the myriad compromises he had already made with the Republican speaker of the house and the Republican senate minority chair to try to avoid the sequester.

It may seem that Congress had no idea what the word “sequester” meant when it created this fiscal disaster. But the reality is that Congress does know. Its actions—or, rather, its failure to act— has left the American people isolated and held hostage by authority. This time, it’s not a judge sequestering a jury, but a Republican-dominated Congress sequestering all of the American people.

[Walter Brasch’s latest book is Before the First Snow, a fact-based novel that looks at the nuclear industry during its critical building boom in the 1970s and 1980s.]

By Walter M Brasch PhD

http://www.walterbrasch.com

Copyright 2013 Walter M Brasch
Walter Brasch is a university journalism professor, syndicated columnist, and author of 17 books. His current books are America's Unpatriotic Acts , The Federal Response to Hurricane Katrina , and Sex and the Single Beer Can: Probing the Media and American Culture . All are available through amazon.com, bn.com, or other bookstores. You may contact Dr. Brasch at walterbrasch@gmail.com

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