Sequester: Good, bad, indifferent?
So you woke up a couple days ago to find that America had begun it's own austerity plan. Granted, it's a plan that Congress may still be able to reverse, but for now, it is in effect.
I'm wondering if anyone believes these austerity measures to be good or whether they should be ditched as soon as possible. Does it matter where the cuts are, say cuts to military as opposed to something like schools?
Or does it even matter? Job losses are bad, but reduced government outlays are good... so the balance is acceptable?
Does austerity even make much of a difference overall?