This opinion IS out there as hard as that is to believe...
The United States might be better off allowing the across-the-board spending cuts of the sequester to take effect as a first step in cutting its debt, even if doing so slows the economy, Honeywell International Inc (HON) Chief Executive Dave Cote said on Wednesday.
The cuts would reduce the U.S. federal budget by about $85 billion per year and curtail spending on defense systems, including some made by Honeywell. But the head of the diversified U.S. manufacturer, who also been outspoken on the need for the United States to cut its debt burden, said the trade-off may be necessary. "We need the reduction," Cote said.
"You could argue that the reduction would make more sense if we did it thoughtfully and spent a lot of time on it. I'm not sure that's a real option, though. The options seem to be let it happen or take it away." Cote remains a leading voice in the corporate "Fix the Debt" group,...Seems more likely each day that some combination of a budget cut and a tax-increase will soon happen.