Washington is where bad ideas come to live, but there are few ideas worse, or harder to kill, than the sequester. That’s the $1.2 trillion in automatic, across-the-board spending cuts President Obama and House Republicans agreed to back in 2011 to blackmail themselves into reaching an alternative “grand bargain” on the long-term debt. It didn’t work. And now the sequester, which neither side wanted to happen, is about to happen.
The sequester probably won’t push us into a recession. But it will still beat up the economy pretty bad. As explained last week, it will suck roughly $85 billion of government spending out of the economy in 2013 — with half of that coming out of defense — costing us somewhere between 700,000 and one million jobs over the next two years.
But which states will feel these cuts the most (and the least)? The White House has put out a state-by-state breakdown of the sequester’s military cuts, which the Washington Post has helpfully compiled, that gives us a sense of who will get hurt and who won’t.
As can be seen from the chart above, Georgia ranks as the 9th state hardest hit by overall sequestration cuts, but when looking at projected military spending cuts, Georgia fares even worse. Visit http://www.washingtonpost.com/wp-srv/special/politics/sequestration-state-impact/ and click on the “Military Readiness” tab. From there, if you click on columns titled “Civilian Job Furloughs” and “Gross Pay Reduction,” you’ll see that Georgia will be the 5th hardest hit state.
Keep reading this article at: http://www.theatlantic.com/business/archive/2013/02/the-10-states-that-should-be-most-afraid-and-least-afraid-of-the-sequesters-military-cuts/273490/