What Obama Doesn't Want You To Know About The Sequester

What Obama Doesn’t Want You to Know:

“The supposedly draconian sequester will reportedly cut that by $85 billion, which is just 2%. In fact, as Mark Levin pointed out last night, the actual cuts for this year from that level are $44 billion, which is 1% of the budget.

Even after the fearsome sequester, federal discretionary spending will still be $60 billion more than in 2008.

The government’s own Government Accountability Office (GAO) has identified $125 billion in government waste that can be cut without hurting anybody.

The Republicans, however, have done their job. The House passed a bill designating $1.2 trillion in rationalized cuts over 10 years to replace the more arbitrary sequester cuts weeks ago. If President Obama and the Democrats disagreed with the Republican cuts, it was their job to pass what they wanted instead through the Senate.

And the sequester will help the economy, not hurt it. The sequester means the federal government will not drain another $1.2 trillion over the next 10 years out of the market economy, but leave it in the market to contribute to higher production. How does the federal government borrowing or taxing that money out of production in the private sector and using it to hire more bureaucrats, or to spend on more welfare for people who are not working and not producing, contribute to more jobs, more hiring, more economic growth, and more prosperity? It doesn’t, which is why Keynesian economics never works.

But this is the President again playing you, because he thinks you are too stupid and uninformed to pay attention to what has been going on.

What Obama is saying here is that most Americans agree that cutting spending hurts the economy, but raising taxes doesn’t. And if you do agree, and willingly allow Obama to play you like that, it is you who are stupid.”

By Peter Ferrara

American Spectator

http://spectator.org/archives/2013/02/20/sequester-hysterics