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" ... In truth, when the powers that be can’t produce a long-term budget , the short-term thinking of a sequester looks pretty good. The cuts of the sequester will cause some disruption and are overweighted against national defense, but they are hardly colossal: about $100 billion a year, while deficits alone exceed $1 trillion on a regular basis. And any cuts now are a gift that keeps on giving, with helpful compounding effects in outyears unless they are erased or undone by future legislation (always a good bet, but the bird-in-the-hand rule should apply here). ... "