Tag Archives: Bloomberg
This post is an excerpt of a Bloomberg column by Albert R. Hunt on how sequestration hurts medical research, especially in the fight to better understand—and hopefully cure— Alzheimer’s disease.
Many Republicans, and Democrats, never thought the automatic across-the-board spending cuts known as sequestration would take effect. After all, they might produce dangerous, if unintended, consequences such as potentially bankrupting the U.S. health-care system, along with millions of families.
Typical Washington hyperbole, right? It actually is happening under sequestration, which kicked in three months ago, a product of America’s political dysfunction.
Because the cuts only affect the margins of a wide array of defense and domestic discretionary programs, there mostly hasn’t been an immediate pinch; the public backlash has been minimal. The long-term consequences, in more than a few cases, are ominous. Continue reading →