The president tells us we’re going to go to hell in a hand basket if his sequester kicks in.
I use the word “his” because the sequester was President Obama’s idea.
I use the word “his” because he signed the automatic cuts into law.
Now the president says if HIS sequester kicks in, it’s going to practically shut down the American way of life. And, of course, the Blamer-in-Chief blames the dastardly Republicans.
Here’s the shocking secret that hasn’t kicked in for us yokels out in the hinterland: even if the sequester takes place, federal spending will still be more this year than last.
The non-partisan Congressional Budget Office (CBO) crunched the numbers. “Only” $44 billion in cuts will actually take effect this year. $35 billion is discretionary spending; only $9 billion is mandatory spending.
That means, says the CBO, that we will spend $3.553 trillion this year compared to $3.538 last year, as you can see on the chart above.
Even more, we will spend more this year than any year in the history of the Republic, except for 2011.
Will we feel the impact of the sequester? We could, especially if the president follows through on his implied threat to withhold funds in areas that will hurt the public the most.
His “sky is falling” rhetoric, though, is just a bunch of hot hair designed to destroy the Republicans.
Mr. Obama is all about about hysteria and blame.
What a leader.