The Real Truth About The Sequester

Posted: March 1, 2013 in Uncategorized
Tags: , , ,

I don’t want to get into a political argument about the sequester automatically kicking in today. To be clear, I think that across the board spending cuts like this without using a logical approach is not wise and a horrible way to address a very real problem. That being said, I am sick of all the fear mongering by politicians about what this sequester will actually do. For the last week, we have heard how so many people will lose their jobs and the economy will suffer tremendously. Really?!

Let’s take a look at the facts. Based on the CBO’s own numbers, the US government will spend more in 2013, even with the sequester cuts, than they did in 2012. Did you catch that? The worse that will happen is that we still spend more than last year, just not as much as the politicians want. So, why all the crazy talk about people being furloughed and the economy tanking? Again, we are spending more than we did last year EVEN with the cuts! What the politicians are really arguing about is whether we will allow them to spend MORE this year than we did last year. The real fact is that most of us will notice, wait for it, absolutely NO CHANGE, NOTHING, NADA as a result of these cuts.

Again, I want to be clear that I do not favor a sequester as the best way to go about this, but it seems a forced policy like this may only way these politicians will stop spending money we do not have. Washington is completely dysfunctional right now and BOTH sides are to blame. They would rather make cuts that have no logical basis than to sit down at a table and discuss the real issue. This country needs to start spending less!

That is all…rant over. Have a Happy Sequester Day!

  1. Chris Dement says:

    I have two possible outcomes to this mess. 1)They’ll let it go just long enough to make people scream for a “compromise” (this means accepting massive tax increases, but not reducing government spending) or 2) they’ll let it progress to the point that 2008’s collapse looks like a picnic. I am favoring the latter scenario. Obama promised to “fundamentally transform” the United States. It’s impossible to do that without a bloody revolution, unless you destroy the economy; forcing people to beg for a government solution. With potentially millions of people being forced out of their jobs, $4.00/gal gasoline, and inflation; we’ve got another perfect storm. They have managed to inflate the stock market again, in spite of our dire economic circumstances. I’d say we are very close to seeing a major player like George Soros do what he does best.

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