ABOUT THE SEQUESTER

The paranoia over the sequester is simply political rhetoric designed to justifiy yet higher taxes to fund yet larger government. Even with the sequester government spending will continue to grow, grow, grow. The problem with the sequester is that it is too small.



As explained by columist George Will:

Obama, who believes government spends money more constructively than do those who earn it, warns that the sequester’s budgetary nicks, amounting to one-half of 1 percent of gross domestic product, will derail the economy. A similar jeremiad was heard in 1943 when economist Paul Samuelson, whose Keynesian assumptions have trickled down to Obama, said postwar cuts in government would mean “the greatest period of unemployment and industrial dislocation which any economy has ever faced.” Federal spending did indeed shrink an enormous 40 percent in one year. And the economy boomed.

Have a nice day, the end is not near -- DWD