Best of the Week
Most Popular
1.Stocks Bear Market Apocalypse Imminent Crash Gets Nuked Again - Nadeem_Walayat
2.Gold And Silver – A Reality Check - Michael_Noonan
3.The Killer Ape, Human Evolution, Artificial Intelligence and Extinction End Game - Nadeem_Walayat
4.Stock Market S&P 500 Volatility-Based Price Probability Range - Richard_Shaw
5.A Stocks Bear Market Is Now More Likely Than Not - Richard_Shaw
6.Money Supply and the Fed’s Serious Inflation Risks - Zeal_LLC
7.More Selling for Stock Market, Gold? - Brad_Gudgeon
8.Gold, Silver Precious Metals: a Critical Week Ahead - Rambus_Chartology
9.Gold Price Change in Character - Gary_Savage
10.Advice for Biotech Investors: 'Hold Your Powder' 'til Winter - TLSReport
Last 5 days
Stock Market Rally May be Broken - 9th Oct 15
Gold Stocks Major Breakout - 9th Oct 15
Contrarian Investing - Being the 10th Man - 9th Oct 15
U.S. Can Expect Recession in 1-3 Years - 9th Oct 15
The Greater Economic Depression Deep State - 9th Oct 15
Financial Markets Calm Before the Storm? - 9th Oct 15
Stock Market History Calling, Says Performance will be Crappy for Another ~10 years! - 9th Oct 15
Why This Feels Like an Economic Depression for Most People - 9th Oct 15
Dr Copper Back from the Dead - Time to Buy or Blink - 8th Oct 15
Glencore Rout Blamed on Short Sellers Playing With CDS - 8th Oct 15
The Real Reason for the Refugee Crisis You Won’t Hear About in the Media - 8th Oct 15
US Stocks: The [Trend]Line Between Bull and Bear Market - 8th Oct 15
Bundesbank “Reassures” Re. Gold Bullion Reserves as Deutsche Bank Shocks With €6 Billion Loss Warning - 8th Oct 15
How Our Aversion To Change Leads Us Into Danger - 8th Oct 15
Moving Stem Cell Research Forward: Bernie Siegel of the Genetics Policy Institute - 8th Oct 15
Stock Market VERY IMPORTANT Turn Date - 7th Oct 15
The 5th Convergence…An Economic & Financial Superstorm That Will Devastate America - 7th Oct 15
Summers Grades Janet Yellen's Fed Performance 'Incomplete' - 7th Oct 15
Gold Versus Central Banks Paper Ponzi - 7th Oct 15
QE3 is Over Get Ready for QE4 - 7th Oct 15
How to Profit from Government Mandates in Biofuels - 7th Oct 15
A Key Oil Price Trend That Everyone Is Missing - 6th Oct 15
Stock Market Turn Appears to Have Been Made - 6th Oct 15
Designing a Dividend Growth Portfolio for a Specific Retirement Yield Objective - 6th Oct 15
Peter Schiff Predicts Gold Price Breakout - Video - 6th Oct 15
Theresa May Declares War on Immigration - Conference Speech Full Transcript - 6th Oct 15
Is Russia Plotting To Bring Down OPEC? - 6th Oct 15
Target Date Funds As Aid In Retirement Investment Portfolio Design - 6th Oct 15
Stocks Bear Market Apocalypse Imminent Crash Gets Nuked Again - 6th Oct 15
Redesigning Internet and Facebook to Explore Their Full Potentialities... - 5th Oct 15
Nightshades Curb Your Enthusiasm - 5th Oct 15
U.S. Recession Watch, High-Yield – Rising Defaults - 5th Oct 15
The Social Challenge to Find Humanity in Capitalism - 5th Oct 15
Fed Interest Rate Hike: "I don't care. It doesn't really make much of a difference" - 5th Oct 15
Gold Rose 2.2%, Silver Surged 5.4% After Poor Jobs Number On Friday - 5th Oct 15
Gold, Silver Precious Metals: a Critical Week Ahead - 5th Oct 15
Stock Market Correction Still in Force - 5th Oct 15
Gold Price Change in Character - 5th Oct 15
Putin’s Blitz Leaves Washington Rankled and Confused - 4th Oct 15
More Selling for Stock Market, Gold? - 4th Oct 15

Free Instant Analysis

Free Instant Technical Analysis

Market Oracle FREE Newsletter

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

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,, or other bookstores. You may contact Dr. Brasch at

Walter Brasch Archive

© 2005-2015 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Biggest Debt Bomb in History