Listening to
our President's statements as of late concerning the sequestration and you'd think
the sky was about to fall, but by looking at a few FACTS we truly get a different
picture. The CBO (Congressional Budget Office) announced that during the month
of February alone the National Debt increased by $253,497,921.33. The
Presidents "Doom and Gloom" predictions of massive government
lay-offs, pay reductions, flight delays, un-safe food, etc. have not planned
out nor will they likely anytime soon. The CBO states that $35 billion in discretionary
outlays and $9 billion in mandatory spending only amount to $44 billion for
2013 with additional cut happening in later years.
I'm trying
figure just how a reduction of $44 billion for the entire YEAR will hurt the
funding efforts of a government that borrowed nearly $253.5billion in ONE
MONTH. One needs to also keep in mind that the sequestration cuts were only cuts
in additional spending, not actual cuts to current spending levels, and even
though sequestration cuts were allowed to go in effect we still experience
massive increases in government spending over last year.
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