Wednesday, February 20, 2013

Sequester Insanity

Obama, Republicans clash on forced spending cuts -

Nearly every day now there is another news story so unbelievable that any sane person has to wonder how this nation can be operating at all and how little time we must have left. The "sequester" madness is just the flavor of the day.

If you read WAY down in the article, a small piece of truth slips in.
However, such a deal has proved impossible, leading to the imminent application of $85 billion in spending cuts for 2013 and almost $1 trillion over 10 years.
It is STILL a Henny Youngman world/ (when asked "How is your wife?", he responded "Compared to what?) 

Compared to what indeed. Well, to understand $85B in "cuts", one has to look at total spending which is $3.8 TRILLION!!!!

So, if the spending was $850B, then $85B would be a 10% cut. 

If the spending was $1.7T, then it would be a 5% cut

If it was $3.4T, it would be a 2.5% cut 

So we are discussing a LESS THAN 2.5% "cut" ... which REALLY isn't a "cut" at all, since when you count all the "Quantitative Easing", off budget, + other gimmicks, we ALWAYS spend significantly more than the year before no matter what the supposed budget says! 

On top of that, BO has the gall to say that we need a "balanced approach" after he snookered the Republicans at the end of 2012 for a "millionaire tax increase" with ZERO SPENDING CUTS!!  (oh well, $250K income, but what is a $750K "rounding error" when you are "the one") 

As his actions have pointed out over and over, his "balanced approach" is raising taxes on everyone that works (BOcare for example) and continuing to transfer more money from them and future earners  to the nonworking!

Oh well, the Takers voted him in, so he really is just paying off his supporters like all politicians do!

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