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Friday, October 30, 2026Oct 30

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BUDGET MADNESS: Sequestration debate extends endless squabling

In every compromise, there are winners and losers.

But not with budget sequestration. Instead, the bleak likelihood of few congressional compromises would seem to guarantee almost no winners — and certainly not many among middle-class and poor Americans who have seen stagnant earnings for years.

Instead, the budget sequestration looming in Washington is said to promise at least 700,000 future job loses and still more work — and paycheck — furloughs.

In the work trenches of America and the aisles of Walmart, the government’s partisan addiction to games of chicken are wearing thin. Republicans say spending is the problem and the president has already gotten his tax increase.

Democrats say revenue also is a problem, and tax loopholes for the rich — opened up in the Bush years — need to close now to restore needed new cash for the nation’s obligations.