If the super committee fails to agree on a budget plan, the combination of the reduction in spending already made would reduce 2013 spending by $110 billion.
Across-the-board cuts are clearly inferior to rationally setting priorities, but they are not debilitating. While a sequester would not be the end of the world. When Congress passed the Budget Control Act setting up the sequester process, it also repealed the expiration dates in Gramm-Rudman, bringing back to life provisions enabling the president and Congress to propose alternatives after the sequester is ordered.
The resulting empowerment of these actions for a new Republican Congress and president would be profound. Rather than having to first adopt a budget, delaying real action until the summer or fall of 2013, a new Republican Congress could de-fund ObamaCare immediately and begin to reform entitlements for a year during which they could adopt a budget and use reconciliation to make these and other reforms permanent with a simple majority vote.
In his effort to put off the difficult decisions of governing until after the election, President Obama has made it possible for a new Republican Congress and a new Republican president, not tied to the mistakes of the past, to begin the repeal of ObamaCare and restore fiscal sanity the moment the new president’s hand comes off the Bible on Jan. 20, 2013.