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Republican the other day. he said the sequester was a problem in the committee because it was not bad enough that it made people want to compromise. it was not swarthy enough. now people can do something without sacrificing for it. but we do have a possible government shutdown coming in a month, and a debt ceiling coming in a month. we have a 10% chance of getting it wrong, let's say, if we do it three times a year for ten years, we'll get a bunch of them wrong. i mean, there is that, first of all we should not minimize the impact of the sequester. i think it it a role problem, perhaps the whi...

Is the american political system. we have stopped knowing how to jump out of the boiling water. the sequester begins tonight. but i don't want the talk to you about the spending cuts or the way they're made. we get so obsessed with the individual manufacturing crises that we lose sight of the whole issue. we have done it five times in three years. we have created crises that don't need to exist, because the republicans want to use them as leverage, as a hostage, to get policies they couldn't get in any other way. but this is different, in every one of the last four ones, we didn't shut the gov...

Technically, republicans wouldn't compromise on revenues, i would say from the economic perspective, you have made this point before, if you actually line them up from severity. if you talk about -- i'll do it in order from worst to best, the breach of security, fiscal cliff, and then sequester. the sequester as you just mentioned, i don't think it takes the economy from growth to recession. i think it takes the economy from current slog to even sloggier slog, and gdp growth is already too slow. so taking the air out of a bicycle that is too wobbly. now that is bad, but perhaps not as bad as s...

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