, Columnist
The Slow Bleed of Sequestration
You may not notice it at first, but sequestration will undermine the chance for a robust economic recovery.
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Federal spending cuts known as sequestration officially kicked in today, but most of us probably haven't noticed. In the first days of sequestration, airport security lines won't be markedly longer. Teachers won't be thrown out of classrooms. Unsafe food won't suddenly appear on supermarket shelves (at least no more than it already does).
But don't let these noncatastrophic consequences fool you: The slow bleed of sequestration will hurt the U.S. economy and undermine perhaps its best chance for a robust recovery.