Overall, it is abundandly clear that the across-the-board cuts are bad policy and should be avoided if possible. As ITIF wrote in Taking on the Three Deficits, while budget cuts are a necessary piece of debt reduction, indiscriminate budget cuts that harms America’s ability to innovation and grow are far from rational economic policy. Hopefully, as the impact of the potential sequestration cuts becomes more clear, this will provide Congress the motivation it needs to act and create a more innovation-friendly budget.