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.