February 24, 2013
'Devastating' sequester cuts: True or False?
I suppose it depends on your point of view. If you lose one fifth of your pay because you're a federal employee and are furloughed one day a week, it's pretty bad. But is Obama right about the effects of the sequester? He says that it would be "a huge blow to middle-class families and our economy as a whole." Oh, really? Bill Wilson writing in Forbes: According to Obama, the sequester would represent "a huge blow to middle-class families and our economy as a whole." Obama's White House has also referred to the sequester as "devastating," saying its cuts would "imperil our economy, our national security (and) vital programs that middle class families depend on." Sounds frightening - but is it true? Of course not. According to The Wall Street Journal "federal domestic discretionary spending soared by 84 percent with some agencies doubling and tripling their budgets" during Barack Obama's first two years in office. In fact the sequester would scale back just one of every...(Read Full Post)