Sequester 101: What happens if cuts kick in March 1 and four other questions

The sequester is a complex concept with a tortuous history. Here are the basics on the automatic spending reductions set to kick in March 1.

4. What would the cuts do to the economy?

At $85 billion, the cuts amount to a sliver of the more than $3 trillion annual federal budget. They’re an even tinier speck of America’s $16 trillion economy.

Still, with impacts measured in billions of dollars, the sequester is not trivial. The cuts could cost 750,000 jobs in 2013 and reduce GDP by more than half a percentage point, according to the Congressional Budget Office. This estimate largely jibes with the prognostications of several private-sector forecasters.

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Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

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