To hear President Barack Obama tell it, the impending $85 billion in spending cuts to the federal budget known as the sequester are the worst disaster since Seth MacFarlane hosted the Academy Awards.
But before you dive deep into depression, Reason TV’s Nick Gillespie recites a few facts that should take the sting out of the sequester.
The “cuts” under sequestration are, in fact, not spending cuts at all. Even the one department that faces substantive cuts, Defense, will continue to spend at historically high levels. Cato Institute Senior Fellow Michael D. Tanner comments.
Regular Americans everywhere are having to tighten their belts and learn to live with less. Kira Davis asks: “Why can’t Washington?”
Remember when President Obama called the Bush Administration deficits “irresponsible” and pledged to reduce them by half? Here’s a quick recap on how well Obama has kept those promises and what his cavalier spending means for the future of our country. H/T iOwnTheWorld
