For the last few weeks conventional wisdom has said that the sequester is not going to happen. After all, the whole point of the sequester was to make cuts so onerous both sides would come to the conclusion that compromise was a necessity.
Beltway pundits have assured us both sides were involved in political posturing, another example of a political kabuki dance. Well, here we are one day away from the sequester going into effect, and there won’t even be meetings until Friday. Is there really any doubt that we are going over the sequester cliff? And, is there really any doubt which party is to blame? The Republican Party has stated time and time again that they are unwilling to compromise. They have stated time and time again that they will not accept any revenue increases. They have been trying to deflect the blame towards President Obama with a laughable claims that he has not shown “leadership” on the issue.
So, hang onto your hats as we dive into the unknown and make sure you are placing blame squarely where it belongs.