3
   

Sequester, What is the big deal?

 
 
Reply Sun 3 Mar, 2013 07:51 am
What is the big deal? The rhetoric is making this sound like whole states will be cut off from the union. The way I see it, the American Budget breaks down like this:

2013 Expenditures: $ 3,803,000,000,000 3.8 trillion
2013 Revenue: $ 2,902,000,000,000 2.9 trillion
Deficit: $ 901,000,000,000 0.9 trillion, or 901 Billion
Sequestered Cuts: $ 85,000,000,000 85 Billion

These cuts are only about 2.2% of total expenditures. Again, the 85 billion cut is only a reduction of about 2.2% of government spending. America still has to borrow about 816 Billion dollars this year alone.

America is going down a debt hole, the fed owes nearly $53,000 for every single citizen. (http://www.usdebtclock.org). If they fight this much over just a 2% cut to spending how will they ever bring in the 24% cut need to balance the budget?
 
H2O MAN
 
  -2  
Reply Sun 3 Mar, 2013 09:17 am


The republicans have forced Obama's government
to spend less and look at balancing the budget.

Nothing wrong with that, it's actually a good thing.
Ice Demon
 
  4  
Reply Sun 3 Mar, 2013 11:02 am
@H2O MAN,
Are you a comedian by any chance?

This sequestration plan that was initiated on March 1st barely makes a dent in federal spending over the next decade. Estimated is $3.6 trillion is the federal spending in 2013 and projected to grow more than $6 trillion by 2023, which is a ~69 percent increase without sequestration. Even with sequestration, federal spending would still grow by ~67 %. Sequestration barely even slows the growth in spending, let alone cuts any spending out of the overall budget.

http://blog.heritage.org/wp-content/uploads/BL-sequestration-spending-deficits21.jpg
H2O MAN
 
  -2  
Reply Sun 3 Mar, 2013 11:17 am
@Ice Demon,
Did you laugh?

85 billion is a drop in the bucket, but it has forced more people to
look at cutting government spending & growth, this is a good thing.
Ice Demon
 
  3  
Reply Sun 3 Mar, 2013 02:36 pm
@H2O MAN,
See, I think people have been aware of the looming debt before sequestration. You need to look at this from the point of view of generation Y. Sequestration’s cuts to nondefense spending would reduce the U.S. gross domestic product during fiscal years 2012-2021 by a greater amount than cuts to defense spending.
http://www.ideamoneywatch.com/images/ED.sequestration.cuts.FY13.PNG
This just tells where America's priorities lie. The obtuse aspect about it is congress salaries is not being cut; that should have been the first thing to happen. Unproductive expenditures destroys any positive growth, and incentives for the private sector to flourish.
What do you suspect is the sequel to the sequestration?
0 Replies
 
H2O MAN
 
  -1  
Reply Tue 5 Mar, 2013 01:56 pm
http://www.rushimg.com/cimages//media/obamamontages/obamasequesterprisonbreakpix/1119782-1-eng-GB/ObamaSequesterPrisonBreakPIX.jpg
0 Replies
 
H2O MAN
 
  1  
Reply Tue 5 Mar, 2013 02:04 pm
http://cloudfront.bostinno.com/wp-content/uploads/2013/02/The-Sequester-Bee.jpg
Ice Demon
 
  3  
Reply Tue 5 Mar, 2013 07:45 pm
@H2O MAN,
It isn't that productive to be pointing at fingers this far into the mess. Both sides know they can't get what their constituents want. They know, also, that compromise makes their constituents angry. This time, both parties came up with something that they believe most constituents on both sides will see as a failed attempt not to compromise but to force the other side to concede. But, in fact, and obviously so, it was a deal in which both sides (the politicians) got exactly what they wanted -- which, and this shouldn't be a surprise to anyone, isn't what any of their constituents want.
That being said, there is no reason to believe that the constituents want what is really best even for the constituents themselves.
We should have little difficulty believing that, if both sides agreed to something, given that they have access to much more information than does the public and the resources to process that information, the something to which they agreed probably is better than what it is being made out to be.
The government really can't control the economy. To the extent that problems continue to exist, and problems always exist, each side can blame the other, because the other voted for it. And to the extent that the economy improves, each side can claim credit, because each side voted for it.
To the extent that it doesn't work, and nothing will work perfectly or for everyone, we can never know if some alternative could, would, or should have been found that would have been better. And if things improve, well, isn't that what we want after all?
0 Replies
 
H2O MAN
 
  -1  
Reply Wed 6 Mar, 2013 08:26 am
Leaked email from Agriculture Department field officer on impact of budget cuts adds fuel to claims Obama is playing politics by making cuts as painful as possible to win public opinion battle against Republicans.
0 Replies
 
Ice Demon
 
  1  
Reply Thu 7 Mar, 2013 10:42 am
@H2O MAN,
Actually you may have a point of some people not understanding the sequester.
0 Replies
 
H2O MAN
 
  0  
Reply Thu 7 Mar, 2013 11:44 am


It sounds like Obama's buddy Van Jones isn't happy with PrezBO's performance...

I swear I recently heard Van Jones call Obama a lazy, shiftless Negro.
0 Replies
 
H2O MAN
 
  1  
Reply Fri 8 Mar, 2013 11:19 am
0 Replies
 
 

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