AEIdeas

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Discussion: (2 comments)

  1. Isn’t the estimated the spending decline of $44 billion over the 7 months balance of the fiscal year or $75 billion annualized sequester?

    Back of the envelope: $75B/$1,583B GDP equals 0.47% plus indirect and induced effects.

    1. The sequester cuts amount to 0.002% of the total GDP, people who say it will knock of even a fraction of percent of GDP growth are stupid and fundamentally misunderstand economics.

      There are a reason economists are not good businessmen.

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