Peter Sperry

Deadlock would mean next to nothing. First, the required sequestration would not kick in until 15 days after the next session of Congress adjourns, which will not happen until late 2012 or early 2013. Second, we went through this in 1986 with Graham, Rudmann, Hollings. The world did not come to an end and the growth of Federal spending was largely unaffected. Third, various Senators are already discussing waiving the sequestration requirements. Finally, the results of the elections next year will have much greater impact on the course of government spending than any of the posturing going on right now. We’ll get a CR through December 16th followed by an omnibus or full year CR and drive on at essentially the same level of funding we’ve had for the past three years.