A blunt sequester better than none

Weird how Republicans and Democrats would rather score some points than work on sensible bipartisan reform with their massive debt issues.
Bit like contributions from our various regulars who see the market moves as a chance to say "told you so", as regards to whether they are bulls or bears.
Gosh, its not a contest for heavens sake. (A blunt sequester better than none, February 27)

With the amount of the debt the US it is a machete that is required (A blunt sequester better than none, February 27).
The US can not simply go on the way it has been spending and borrowing beyond its means

The US needs to slash military spending, raise taxes and be ready to pay a very harsh price for excessive waste on wars they could not afford and for initiating the GFC (A blunt sequester better than none, February 28). Major taxation reforms are required as outlined by Warren Buffett and a much needed investment pipeline is required to develop ageing or new Infrastructure. The working poor need the opportunity to utilise Public Transport, which is virtually non-existent. Over the coming decade, initiate key Nation building programs not unlike those seen under Roosevelt's New Deal. I'm presently living in the US and can see that nothing has changed, just more poor people who are increasingly desperate and afraid. Most are still living on award wages, have little to no social security protection, a University Education is beyond almost all, even State/County tech colleges have enormous queues such is the demand to become re-skilled. Health Insurance costs are well beyond the greater 90% and even then they won't cover all cost if and when the time comes. There is no middle class. So again the working poor 80-90% are turning to juggling multiple credit cards to try and make ends meet. Its utterly tragic! There are people begging for food (not money) at traffic lights, tent cities popping up in neighbourhood parks because the rents are so obscenely expensive as so many have lost their homes and demand so high. These properties have been swallowed up on mass by those with money for peanuts and are being rented at more than the cost of present mortgage costs, so a great investment for those with money that can get a bank loan or 200. The tech sector has most of its money in the Bahamas like most wealthy Americans do. So unless Buffett's taxation reforms are implemented and spending slashed the US will be Bankrupt and I dare not wish to think about that possibility. Oh bye the way - I'm in Silicon Valley where things have apparently never been better. So is that pretty heavy dude?

"The sequester meat axe strikes
And, having struck, moves on;
Nor all thy piety nor wit
Shall call it back to cancel half a slice,
Nor all thy tears wash out a single purge."
After Omar (A blunt sequester better than none, February 28)

You can tell it's partisan when you read this bald statement with no supporting references and no reference to how a fiat currency is actually able to be managed by a sovereign currency issuer:
"On the other hand, no sequester at all would mean an even greater reduction in long-term growth. (A blunt sequester better than none, February 28)"
The world didn't end when the official price of gold was increased to allow a form of "money printing" after the Great Depression, it didn't end when the gold standard was dropped and it didn't end when Bretton Woods was dropped.
It is critical to understand the difference btween the sovereign issuer of a free floating fiat currency that borrows its own currency and a sovereign nation which uses someone else's currency ie members of the Euro, or who pegs to and borrows in another sovereign's currency eg Argentina a couple of decades ago.
Even the RBA has recently acknowledged that it has plenty of Australian dollars because "it prints them".