Exposing the Absurdity of Washington’s Anti-Sequester Hysteria

“To save America from the supposedly ‘savage’ and ‘draconian’ budget cuts caused by sequestration, President Obama has instead asked Congress to approve an alternative fiscal package containing additional tax increases.  So why is the sequester so bad? Does it slash the budget by 50 percent? Does it shut down departments, programs, and agencies?  Well, the Congressional Budget Office today released its annual Budget and Economic Outlook, and Tables 1-1 and 1-5 allow us to see the ‘brutal’ impact of the sequester.  As you can see from this chart, the sequester will ‘cut’ spending so much that the budget will grow by ‘only’ $2.4 trillion over the next 10 years.”



Related posts:

Forty Years of Drug War Failure Represented in a Single Chart
20 Ways FATCA Will Catch Americans
DOJ sends bundle of completely censored documents in response to ACLU lawsuit
EU panel seeks power to fine, censor and fire journalists
Swiss Gold Repatriation Almost Reality
SEC's Khuzami Uses Revolving Door to Make $5 Million
Drive Drunk or Asleep, Wherever You Want!
White House dodges question on Sanjay Gupta’s marijuana reversal
Hacker: US government tricked Anonymous into attacking foreign targets
Hopeless Savers: 0.26% on Money Markets
Can the Feds Spend $3.3M in Seized Digital Currency?
Shocking Tales of 11 of the Most Over the Top US Police Paramilitary Raids
How Quickly The War On Drugs Changed America's Prison Population
The biggest factor in the platinum and palladium markets
The Fed’s Dreaded Dilemma: A Weak Economy Plus Inflation