Response to yet another excellent ThinkProgress.com article found here
The people ultimately behind sequestration are guilty of hypocrisy, greed, and treason. A republic's economy is wholly unlike a family's budget. A family can cut their way out of debt, but a nation can not. When an economy is depressed and the government cuts its budget, money stops flowing. The problem isn't a lack of money, it's the lack of movement of money. Government should monitor but generally stay out of the way of a healthy economy, but just like a doctor giving you an annual physical then getting out of your way when you're healthy, he must step in and do something when you're sick, and cutting the medications that have kept you healthy isn't the way to do it.
When an economy is sick, it takes the government to make money available at no or low interest in order to get the blood - money in this case - flowing again. Failing to do so would be like a doctor stepping back away from a patient when the patient goes into cardiac arrest and saying, "Hmmm. Maybe it will fix itself". Or likely not.
Sequestration is a failure of our government to take the shock paddles of money flow and zapping the heart of our republic back into health. Like a sick patient, the worse the recession, the longer it takes to get back to healthy, but pulling the plug will kill the patient, just like sequestration will kill our republic.
The BRICs - Brazil, Russia, India, and China - are breathing down our necks as it is. Now Congress has essentially said, "Come on, guys! You can overtake us! And we're here to help!" Cutting scientific funding is analogous to failure to fuel your car before a long trip. Yep, you'll have more money in your pocket...when you're on the side of the road out of gas watching others who planned ahead go flying past you.