Sunday, March 3, 2013

Sequester: $85 Billion savings gone in a single day

After more than a month of Congrssional and Presidential Kabuki theatre over the manufactured crisis known as sequester, the Obama administration in a single day negated any potential savings the $85 Billion legislation would have cut from Federal Spending.

As you can see, the government borrowed enough money on Feb. 28 to balance out the $85 Billion in mandatory cuts, and made the entire debate over spending cuts a worthless political drama.


In just one day, the national debt increased by $80 billion, and wiped out all potential savings to the budget that might occur in 2013.

So from faux debt ceiling crisis, to the meaningless sequester crisis a month later, the year is still early for our elected officials to usher in several more crises to deceive the public on how bad the government's fiscal pocketbook really is.

1 comments:

The need for quick cash is commonly characteristic Associate in Nursing honest larger management recoil, like auto title loans chicago overspending or the absence of instructional degree emergency fund. In cases like these, repaying a cash loan might take a extended time and worth many cash.

Post a Comment