Sequester horrors

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Friday, March 1. 2013

Something that can't go on forever, won't.

Krauthammer: Hail Armageddon

Chart below via Gateway.

Posted by The News Junkie at 11:24 | Comments (17) | Trackback (1)

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Weblog: www.peekinthewell.net
Tracked: Mar 01, 12:24

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There is NO cut. The spending is more than last year.
There is NO BUDGET.

It is a continuance of spending.

#1 A.Men on 2013-03-01 12:05 (Reply)

Best visual I've seen on this. By far.

#2 DrTorch on 2013-03-01 12:06 (Reply)

If Obama believes such a small cut in government spending at the margins will be catastrophic, we can argue an increase of 2 to 3% in the marginal tax rates of high income earners will also be catastrophic. If he can say that at a certain point people have earned enough, we can say that at a certain point he has taxed people enough.

#3 Agent Cooper on 2013-03-01 13:07 (Reply)

A few years ago spending at Christmas was down about 1%, the retailers cried doom and gloom also. Have we become a nation of whiners?

#3.1 Tinysview on 2013-03-01 13:26 (Reply)

It is a curious thing, I find, that each year the press frets over the trend in year-over-year retail sales during the holidays, but never seems to get around to reporting the actual end-of-year PROFITS come the following January. Businesses survive---or fail---based on PROFIT not SALES, and while sales are necessary to have a profit, they are not sufficient to guarantee one. When the holiday sales discounts on retail goods are in the stratosphere, published sales figures are only the beginning of the story. The press has such a short attention span, we seldom get to read the last chapter of the story, which is about the profits.

#3.1.1 Agent Cooper on 2013-03-01 14:38 (Reply)

http://rightreactions.blogspot.com/2013/02/the-end-of-world.html

#4 Papa Buckland (Link) on 2013-03-01 13:22 (Reply)

Resident trolls still cowering under the bridge...

#5 Sam L. on 2013-03-01 13:36 (Reply)

Perhaps we could balance the budget by no longer defending the Socialist governments of Europe. Just close our bases there and bring the troops home. Oh I forgot there is no budget. It has been a long time but if I remember isn't the House supposed to pass a proposed budget? Did they do that this year?

#6 Tinysview (Link) on 2013-03-01 13:43 (Reply)

Actually, yes, the House has passed a budget each year. it is the Senate, where the majority party led by one Harry Reid, has failed to pass a budget for the last 4 years. Cheers!

#6.1 jeff on 2013-03-04 00:14 (Reply)

HAPPY SEQUESTER DAY!

This is just the first step, in my opinion. But the GOP won't have the guts to simply say, we're not playing ball any more.

#7 Jim on 2013-03-01 14:12 (Reply)

Why do I have the image of the Republicans as Charlie Brown and Obama and the Democrats as Lucy pulling the football away just as Charlie sets up to punt?

#7.1 Agent Cooper on 2013-03-01 14:42 (Reply)

Sequestration seems the least bad way to get the country on track at this point. As a DoD employee I'm facing a 20 percent pay cut (unless we change the rules yet again) from late April through Oct. The family's in decent shape financially and will adjust to the situation.
I'm glad the Republicans have held their ground thus far, because we do need to cut unnecessary programs and spending. I'd really expected the GOP to already cave. There's absolutely no reason the federal budget can't be cut, in real terms, 2-3 percent per year for the next 10 years--except that we, as a country, keep re-electing people without the will or desire to do so. (I'm biased--I think defense spending is about right, but there's always room for improvement.) I'm not optimistic, but perhaps people will finally see through today's apocalyptic rhetoric and realize the cuts really didn't have much impact.
Military readiness will be hurt (skills decay rapidly when not used--think professional athletes), and we'll spend more in the long run (because we're executing these cuts so arbitrarily and cutting some muscle with the fat) as a result of sequestration.
My biggest concern is that our government will thrash around unsuccessfully "fixing" sequestration the rest of this year (all the Federal government will be out of funding 27 March when the current continuing resolution ends), pass yet another continuing resolution, and we'll be no closer to lasting fixes than we are today.

#8 Mark on 2013-03-01 20:34 (Reply)

According to a recent article in the Washington Post, "The United States spent more on its military than the next 13 nations combined in 2011." And many of those 13 are our allies, including Canada, Japan, France, Germany, and South Korea.

Russia and China are potential adversaries; we spend about 3 times more than Russia and China combined.

US military spending appears excessive; we could easily eliminate $100 billion per year without risking our national security. Lots of data at: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/07/everything-chuck-hagel-needs-to-know-about-the-defense-budget-in-charts/

#8.1 Paul W. on 2013-03-04 13:27 (Reply)

Mr Hagel doesn't need the POST to tell him anything. He will be taking orders from on high.

And I am among those who believe very limited amounts of POST content.

#8.1.1 Claritas on 2013-03-04 14:48 (Reply)

On the way to dinner tonight the radio was running a sequester story. I decided I should cut back like the government has to. On a potentially $20 meal I cut back 46 cents.

#9 Colorado on 2013-03-02 01:11 (Reply)

Obama is fighting over $85 B - the amount of funny money the Treasury is selling to itself every month. How about skipping a month? You say it doesn't work that way?

#10 Claritas on 2013-03-02 10:15 (Reply)

Hunh. Normally I'm not Krauthammer's biggest fan (He's a gun fearing weenie) but that was a pretty good article.

#11 perlhaqr on 2013-03-05 13:59 (Reply)

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Friday, March 1. 2013

Sequester horrors