Fiscal Cliff? Who are they trying to kid on the spending?
The current state of fiscal discussions in Washington is akin to burning wads of hundred dollar bills to illuminate the dark recesses of a room to try and find a penny that rolled away.
Sequestration will force $1.2 Trillion in Budget cuts. So friggin what.
Remember the huge blowout Budgets everyone (especially the Left) complained about during the Bush Admin? Well guess what. The Budget in 2005 was $2.4 Trillion. The Budget this year? $3.7 Trillion. Now use some grade school math and subtract $2.4 Trillion from $3.7 Trillion. Surprised? That equals to $1.3 Trillion.
Sequestration is $100 Billion less than rolling back the clock to a blow out Budget from the Middle of Bush’s term.
That $1.2 Trillion does not cut that amount in one year it is to cut it across a decade.
Sequestration is meaningless. Even for De fence spending. Consider that in 2005 the DOD budget was $401 Billion and for this fiscal year it is at $671 billion. Sequestration PLUS the already agreed on cuts could result in cutting about 10% from the DOD budget which would reduce it to still over $603 Billion. In 2005 we were heavy in Iraq. Now we are not and we are drawing down from Af/Pak. Surely we can “reduce” the DOD budget to an amount that is only $200 billion more than we were spending during the war in Iraq?”