The true story of sequester

[longknife]

Bill Wilson @ Douglas V. Gibbs' Political Pistachio blog posts the following very informative piece:

A little discussed impact of sequestration, due to take effect on March 1, is the fact that after 2014, spending will increase every single year in both defense and non-defense categories, reports the Congressional Budget Office (CBO).

In addition, there are real spending cuts, but they come nowhere near to totaling the $1 trillion figure that has been reported by various government agencies, including the CBO, not to mention media outlets and even this organization, Americans for Limited Government.

Read more @ Political Pistachio: The true story of sequester

 

[jwoodie]

It sounds like the calamity of sequestration is just more doomsday propaganda put out by the political class to protect their special interests. In reality, it is probably too little, too late. But at least it is something.

 

[Truthmatters]

not a trustable source

 

[Wiseacre]

There is an excellent book by Bob Woodward called The Price of Politics. It details the events leading up to the sequestration solution and how it was conceived by the WH and passed through Congress.

 

[JakeStarkey]

Sequestration is fine by me if the two parties will not build a consensus that makes sense for taxpayers and the country's fiscal future.

 

[emilynghiem]

How about:
1. Republicans take responsibility for the military defense side of the budget
including paying taxpayers back for all the Iraq War spending the Democrats didn't agree to pay for

2. Democrats take responsibility for funding and budgeting all the social entitlement programs
including health care provisions that the Republicans don't agree to pay for federally

3. Anything that can be covered with 10% flat income tax which all parties agree to
will be the fixed budget

4. Anything else beyond that must be claimed and covered by a Party whose members
can opt to pay MORE than 10% in order to fund the programs they believe in without imposing on others
who are free to fund their own programs

5. Any money LENT to government beyond the 10% fixed income tax
will be treated like private investors in the federal reserve who get a % interest over time
And the parties are also free to lend/borrow between them
And States can also opt to lend or borrow from federal govt provided the funding and receiving
parties agree to the terms for lending THEIR money NOT from other parties/states/taxpayers dissenting