- Jun 20, 2009
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Obama is just trying to scare you. That is a liberal tactic!
Blog: 'Devastating' sequester cuts: True or False?
According to Obama, the sequester would represent "a huge blow to middle-class families and our economy as a whole." Obama's White House has also referred to the sequester as "devastating," saying its cuts would "imperil our economy, our national security (and) vital programs that middle class families depend on."
Sounds frightening - but is it true? Of course not. According to The Wall Street Journal "federal domestic discretionary spending soared by 84 percent with some agencies doubling and tripling their budgets" during Barack Obama's first two years in office. In fact the sequester would scale back just one of every six dollars in discretionary spending increases since 2008 - hardly a "huge blow." Also, discretionary spending in 2008 was already tremendously inflated - having increased by more than 60 percent over the previous eight years.
In other words this isn't even really a cut - "devastating" or otherwise - it's a modest growth rate reduction following years of unnecessary, embarrassing and unsustainable excesses.
Read more: Blog: 'Devastating' sequester cuts: True or False?
Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook
Blog: 'Devastating' sequester cuts: True or False?
According to Obama, the sequester would represent "a huge blow to middle-class families and our economy as a whole." Obama's White House has also referred to the sequester as "devastating," saying its cuts would "imperil our economy, our national security (and) vital programs that middle class families depend on."
Sounds frightening - but is it true? Of course not. According to The Wall Street Journal "federal domestic discretionary spending soared by 84 percent with some agencies doubling and tripling their budgets" during Barack Obama's first two years in office. In fact the sequester would scale back just one of every six dollars in discretionary spending increases since 2008 - hardly a "huge blow." Also, discretionary spending in 2008 was already tremendously inflated - having increased by more than 60 percent over the previous eight years.
In other words this isn't even really a cut - "devastating" or otherwise - it's a modest growth rate reduction following years of unnecessary, embarrassing and unsustainable excesses.
Read more: Blog: 'Devastating' sequester cuts: True or False?
Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook