Monday, February 25, 2013

The sequester only means we won't spend AS MUCH! Let it happen.

There's a lot of misinformation going around. I am not an expert at governmental spending, budgeting or anything else financial, but I do know that the spending of the federal government grows every year BY DESIGN. Every year, it factors in projected increases. So when lawmakers tell us they made cuts, it is NEVER to levels that were BELOW the previous year's spending. It is always to projected INCREASED spending. For example, if they agree to cut spending, instead of spending 8% more per year, they will just spend 6%. I am making those numbers up to illustrate the fact that spending always increases. The only thing they argue about is just how much it will increase.  It's really disgusting that we keep being fed this misleading information. Here's an illustration of just how little the sequester cuts are compared to all the other spending.

Dan Mitchell, Senior Fellow at the Cato Institute:
[A] sequester merely means that spending climbs by $2.4 trillion over the next 10 years rather than $2.5 trillion. . . . here are the actual numbers from the Congressional Budget Office showing what will happen to spending over the next 10 years if we have a sequester:

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