A huge and malignant evil is stalking this great land. Its name cannot
be spoken. That is to say pronounced. It is the feared and dreaded
sequester. Its origin is apparently, like the flu, unknown. But it is of
a great and terrible power. Who can name it? And what evil thing bore this foul beast?
“The sequester is not something that I’ve proposed,” Obama said. “It is something that Congress has proposed.” But apparently, as he mentioned this weekend, it has something to do with owning airplanes.
Bob Woodward, no friend of Republicans, reports in his last book that the automatic spending cuts were initiated by the White House and were the brainchild of Lew and White House congressional relations chief Rob Nabors — whom Woodward calls the foremost experts on budget issues in the senior ranks of the federal government. Obama personally approved of the plan for Lew and Nabors to propose the sequester to Senate Majority Leader Harry Reid (D-Nev.). They did so at 2:30 p.m. July 27, 2011, according to interviews with two senior White House aides who were directly involved.
Mr. Obama "misremembers." A transparent curtain can be fragile.
Now, what kind of numbers are we talking about? What cuts will cause this feared crisis?
Federal budget 2012: 3,728,000,000,000.00 (Trillion)
Federal budget 2013: 3,795,600,000,000.00 (Trillion)
2013's budget increase over 2012: 67,600,000,000.00 (Billion)
Money "sequestered" from 2013 budget: 85,400,000,000.00 or 17,600,000,000.00 if you exclude the money added to last years budget.
% sequestered of 2013 budget: 2.2% Or 0.004% of the budget of 2012.
So the crisis predicted is going to be caused by a 2.2% reduction in the 2013 budget. But that budget is 67 billion dollars higher than last year's. So most of the sequestered money will come from the increase in the budget from 2012 to 2013. So the crisis predicted will be the result of a decrease in 17.6 billion dollars, or 0.004% of the budget of 2012.
Now, just for reference, the tax increase on Americans for this year will be 1.4% on those making $40,000, 1.6% for 50,000, 1.7% for 100,000. So Americans will lose from their incomes, at a minimum, 1.4% from taxes. They will have to make due.
And the government can not make due with a decline of 0.004%? The giant brains in Washington can not adjust to that without a crisis?
If that is true, we have no hope.
“The sequester is not something that I’ve proposed,” Obama said. “It is something that Congress has proposed.” But apparently, as he mentioned this weekend, it has something to do with owning airplanes.
Bob Woodward, no friend of Republicans, reports in his last book that the automatic spending cuts were initiated by the White House and were the brainchild of Lew and White House congressional relations chief Rob Nabors — whom Woodward calls the foremost experts on budget issues in the senior ranks of the federal government. Obama personally approved of the plan for Lew and Nabors to propose the sequester to Senate Majority Leader Harry Reid (D-Nev.). They did so at 2:30 p.m. July 27, 2011, according to interviews with two senior White House aides who were directly involved.
Mr. Obama "misremembers." A transparent curtain can be fragile.
Now, what kind of numbers are we talking about? What cuts will cause this feared crisis?
Federal budget 2012: 3,728,000,000,000.00 (Trillion)
Federal budget 2013: 3,795,600,000,000.00 (Trillion)
2013's budget increase over 2012: 67,600,000,000.00 (Billion)
Money "sequestered" from 2013 budget: 85,400,000,000.00 or 17,600,000,000.00 if you exclude the money added to last years budget.
% sequestered of 2013 budget: 2.2% Or 0.004% of the budget of 2012.
So the crisis predicted is going to be caused by a 2.2% reduction in the 2013 budget. But that budget is 67 billion dollars higher than last year's. So most of the sequestered money will come from the increase in the budget from 2012 to 2013. So the crisis predicted will be the result of a decrease in 17.6 billion dollars, or 0.004% of the budget of 2012.
Now, just for reference, the tax increase on Americans for this year will be 1.4% on those making $40,000, 1.6% for 50,000, 1.7% for 100,000. So Americans will lose from their incomes, at a minimum, 1.4% from taxes. They will have to make due.
And the government can not make due with a decline of 0.004%? The giant brains in Washington can not adjust to that without a crisis?
If that is true, we have no hope.
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