Posted on 20 February 2013.
Rick Newman, US News
Everybody seems to hate the across-the-board government spending cuts due to kick in March 1.President Barack Obama called the cuts—known in Washington as the "sequester"—a "meat-cleaver approach" to trimming the government's annual deficits, warning that they will visit a host of plagues upon America: Military readiness will suffer. School quality will decline. Hundreds of thousands of people will lose their jobs.Obama didn't mention one other thing the sequester might accomplish: restoring faith in America's creditworthiness.
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