America's independent, non-partisan advocate for overburdened taxpayers.

 

Blog Contributors

Brandon Arnold
Executive Vice President 

Dan Barrett
Research and Outreach Manager 

Melodie Bowler
Government Affairs Intern 

Demian Brady
Director of Research 

Christina DiSomma
Communications Intern 

Jihun Han
Communications Intern 

Timothy Howland
Creative Content Manager 

Samantha Jordan
Communications Intern 

Curtis Kalin
Communications Intern 

Ross Kaminsky
Blog Contributor 

David Keating
Blog Contributor 

Douglas Kellogg
Communications Manager 

Sharon Koss
Government Affairs Intern 

Michael Liguori
Government Affairs Intern 

Richard Lipman
Director of Development 

Joe Michalowski
Government Affairs Intern 

Diana Oprinescu
Communications Intern 

Austin Peters
Communications Intern 

Kristina Rasmussen
Blog Contributor 

Sequester’s Impact: One Job Lost, $85 Billion Saved


Brandon Arnold
May 9, 2014

Remember all of the doomsday predictions about last year’s compulsory spending cuts better known as the sequester? Many claimed this “draconian” measure would lead to economic catastrophe, as thousands upon thousands of federal employees would be fired and the government’s operations would come to a screeching halt. In fact, one study by Goldman Sachs predicted “declines in federal employment by around 100k over the next few quarters.” 

In contrast, NTU argued repeatedly that these concerns were overblown and that the bloated federal government could find plenty of ways to absorb the sequester’s modest trims.

The U.S. Government Accountability Office (GAO) has just released a study that sheds light on the actual impact of sequestration, which cut 2013 expenditures by $85 billion.

The total number of federal job losses that occurred: one.

Yes, you read that correctly. The report states that the U.S. Parole Commission “implemented a reduction in force of one employee to achieve partial savings required by sequestration in fiscal year 2013.” According to GAO, that was the only layoff attributable to the sequester. That means Goldman Sachs’ prediction of 100,000 layoffs missed by a mere 99,999.

That’s not to say that the sequester had no effect on the government. To be sure, furloughs occurred and certain activities were delayed or otherwise hindered. But the fact remains that the federal budget is rife with wasteful, duplicative, and unnecessary spending. There is ample room to pare back federal expenditures and force the executive branch to prioritize its functions. Indeed, that’s exactly what GAO found in its study: “congressional and agency actions mitigated some potential effects by shifting funds to higher priorities while deferring or reducing funding for lower priorities.”

GAO’s study once again demonstrates that the federal government remains far too bloated. While targeted cuts to unnecessary or duplicative programs are generally the best approach to fiscal restraint, in the absence of such leadership across-the-board reductions like the sequester can also work. These findings should give momentum to the advocates of a leaner federal budget and embarrass those who predicted the sequester would cause an economic collapse.


 

Comment on this blog

Nickname
Comment
Enter this word:

User Comments

Submitted by RikiMartin at: August 21, 2014
Great post, Your article shows tells me everything! izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani izdelava spletnih strani

Submitted by Anonymous at: August 21, 2014
Great post, Your article shows tells me everything! http://profesionalnespletnestrani.wordpress.com/ http://optimizacijaspletnihstrani.blogspot.si/ http://prospletnestrani.tumblr.com/ http://nidani.tripod.com/ http://izdelavaspletnestrani.jimdo.com/ http://spletneresitve.zohosites.com/ http://mega-strani.moonfruit.com/ http://www.i-m.mx/freshxdesign/MarjanPizza/ http://opacupa.jigsy.com/ http://optimizacija.ucoz.com http://izdelava-spletnihstrani.weebly.com/ https://sites.google.com/site/naprednaizdelavaspletnihstrani/ http://izdelavaspletnih-strani.webs.com/ http://dzetodzeto.wix.com/spletnestrani http://nidani.angelfire.com/ http://spletnestrani.soup.io/ http://own-style78.webnode.com/ http://ziggisplet.edublogs.org http://www.travelblog.org/Europe/Slovenia/blog-852578.html http://izdelavaspletnihstrani.webstarts.com/ http://izdelavaspletnestrani.moonfruit.com/ http://izdelavaspletnihstrani.beep.com/ http://izdelavaspletnestrani.wallinside.com/ http://www.getjealous.com/izdelavaspletnetrgovine http://optimizacijaspletnihstrani.doomby.com/ http://izdelavaspletnihstrani.over-blog.com/ http://izdelavaspletnihstrani.bravesites.com/ http://izdelavaspletnihstrani.wikidot.com/ http://pages.rediff.com/izdelava-spletnih-strani/2027688 http://optimizacijazaiskalnike.blog.com/ http://spletnetrgovine.hubpages.com/hub/Izdelava-spletne-stranis http://dobrespletnestrani.sosblogs.com/ http://izdelavaspletnihstrani.onsugar.com/ https://freshxdesign.academia.edu/ https://www.rebelmouse.com/izdelavaspletnihstrani/ http://izdelavaspletnihstrani.snack.ws/ http://optimizacijazaiskalnike.thepro.dj/ http://izdelavaspletnetrgovine.thepopular.me/ http://izdelavaspletnihstrani.snackblogger.com/

Submitted by Frank at: August 14, 2014
Great post, Your article shows tells me you must have a lot of background in this topic. Can you direct me to other articles about this? I will recommend this article to my friends as well. Keep it up. rebelmouse

Submitted by Steve at: August 14, 2014
I have found this information for a long time, thank you for sharing it. rebelmouse.com/venusfactor_reviews