Fresh off his golf vacation in Florida, the President yesterday breathlessly intoned that the looming sequester was poised to visit untold devastation on our nation. A government with a 3.6 trillion dollar budget is about to be eviscerated by an 85 billion dollar cut.
A mere ten years ago, this same government managed to get by on only 2.2 trillion dollars of spending. That’s a 68% increase in the budget in ten years. And yet this government will be brought to its knees by a 2.3% decrease in spending?
Here’s a question for you. Has your income increased 68% in the last ten years? I did the numbers for the Dunnevant family and found that our family income has increased roughly 28% since 2003. Not bad, but compared to my government, I’m an underachieving hack. Second question, how many of you would be thrust into economic Armageddon if you were forced to reduce your yearly spending by 2.3%?
So, if the President and his party are to be believed, in 9 short days, our very way of life will be plunged into a desperate struggle for survival. Children will starve; old folks will be cast out into the mean streets, millions will lose their jobs, infrastructure will collapse before our very eyes, our air and water will instantly be polluted beyond recognition, our meat won’t get inspected, but worst of all, no one will be able to answer our tax questions at the IRS, all of this calamity because 85 billion dollars will have been trimmed from our 3.6 trillion dollar government. 85 billion, or put another way, the amount of money that our government spends every eight days.
We are being asked to believe that a sequester that cuts the equivalent of a little over one week’s spending will plunge us all back into the Middle Ages. Hmmm.
Call me skeptical.