"I think there is very little chance the sequestration will be avoided before March 1," says Bob Bixby, executive director of the Concord Coalition.
"These cuts won't provide the same sudden shock to the system that the tax increases during the fiscal cliff standoff would have caused. They will cause pain later, but not immediately. Both parties seem ready to take this to the brink and see what happens after March 1. Both sides are very comfortable with their talking points. They like them. They might even believe them, Bixby says.