I don't know how I got onto blogging all Steven Rattner, all the time, but here I go again. Mr. Rattner is complaining that the sequester is costing his son a chance at a government internship for which he had wanted to apply.
So perhaps Mr. Rattner's son could go work in a productive field instead? Oops, probably not, because rising minimum wages and Obama Administration crack-downs on unpaid private internships have made it harder for all the rest of us to get our little preciouses an internship. I will bet any amount of money that the number of internships killed by minimum wage laws is at least two orders of magnitude larger than the number of internships killed by the sequester.
And besides, we should be thrilled that one less young person is having their formative organizational experiences (from conflict resolution to productivity expectations) in government.
Oh, and by the way, that bit about the Obama Administration cracking down on unpaid internships? Well, that only applies to you private employers who are teaching useless skills like innovation and wealth creation. Jobs that teach Congress's organizational and productivity secrets don't have to be paid because of all the valuable lessons taught.