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Economists see little change after election


Wednesday, November 19, 2014

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Kelly Cunningham, economist from the National University System Institute for Policy Research, was similarly skeptical about the chances of major changes coming out of Washington, D.C.
But he said his biggest hope is that the newly constituted Congress would reconsider the federal budget sequester — which requires across-the-board reductions across a broad swath of government programs — in favor of more surgical cuts that could reduce or eliminate funding of some programs while providing more funding for others.
"Sequestration has been a blunt instrument that has lopped off funding for some worthwhile programs," Cunningham said in an interview. "Taking a more surgical approach would be positive for San Diego County, especially since our county receives more in direct defense spending than any other county in the United States."