Anyone who thought the economy had nothing but smooth sailing ahead got a wake-up call this morning when the Department of Labor reported that the U.S. economy added only 88,000 new jobs last month. No doubt the sequestration at the beginning of March had something to do with this, not only because government hiring is essentially frozen but because the uncertainty surrounding the sequester has re-introduced a measure of fear in the private sector as well. It is time for Congress to get its act together and come up with a better way to restrain spending and, not incidentally, to demonstrate that our government is not totally dysfunctional.
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