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Could big government bounce back?

The sequester is a great opportunity for Obama

By Tom Streithorst  

(photo: The White House)

On Friday, if Barack Obama and the Republicans in Congress do not cut a deal, the US government will have to reduce its spending by $85bn. This could well derail the America’s fragile economic recovery, cost 700,000 jobs and lop 0.5 per cent off next year’s GDP. These spending cuts, known as the sequester, are significant: the Pentagon’s budget will fall by about 8…

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