“The United States did not collapse last Friday when the package of spending reductions known as ‘sequestration’ went into effect. The financial markets hardly blinked, as they have come to be more skeptical about these periodic government-hyped ‘crises.’ What had been portrayed as a drastic reduction in government spending was merely a decrease in the projected rate of increase in government spending over the next decade. Under sequestration, government spending increases by $2.4 trillion over the next 10 years rather than $2.5 trillion without it. So we are speeding toward collapse at only 100 miles per hour instead of 110 miles per hour.”
http://www.thedailybell.com/28776/Ron-Paul-The-Sequester-Crisis-And-What-Should-Be-Done
Related posts:
Retaining Their Freedom Is the Real Problem US Citizens Face
How US policy in Honduras set the stage for today’s mass migration [2016]
3D printing: the new, bottom-up industrial revolution
Americans Aren’t Buying the Media’s Push For A War In Syria
Jack Lew -- From K Street to Wall Street to Treasury
Is America Going to Hell in a Handbasket?
Bill Bonner: A Personal Appeal to Barack Obama
Bill Bonner: The Fed Chief America Deserves
Criminalizing Hate Speech Causes More Problems than It Solves
Rothbard is Conquering! -- Lew Rockwell on The Robert Wenzel Show
How a $1 Bag of Salt Water Becomes a $546 Bill at Hospitals
Politics of Bombing Syria Is Secondary to the President’s Power
Psycho-State Targeted Brandon Raub
Millennials Don’t Trust Uncle Sam, and That’s Good
PRISM Takeaway: Are We Citizens or Serfs? Should Obama Resign?