Gordon Adams is a former Clinton administration defense budget analyst and has written extensively on the current “fiscal cliff” crisis. The Naval Institute interviewed him on 28 November to get his take on sequestration and the defense budget. Adams is speaking today at the Naval Institute’s Defense Forum Washington.
Can you put current sequestration in a historical context? Has anything like this happened before?
Yes, but never to this extent.
The sequestration mechanism was lifted wholesale from a 1985 bill called Graham Rudman Hollings. When it was passed in 1985 it was the last big U.S. effort in deficit and debt reduction. The sequestration mechanism was defined in that bill. . . . There were sequestrations under Graham Rudman Hollings. They were rather small, they were not on this order of magnitude, because this one actually sets targets, but they did happen. Once they happened, Congress reversed it. Basically fixed it, patched the hole. So that happened and they went away. It maybe one precedent for what would happen in January if there is a sequester. I don’t think we will, but if we do . . .
What we have here is an unprecedented showdown at the O.K. Corral.