Sequester Truths

Sequester Truths

An Excellent read: http://www.realclearpolitics.com/articles/2013/02/26/the_fairy_tale_on_spending_cuts_117168.html

• The sequester doesn’t cut federal spending at all - In reality, even if the sequester goes through, the federal government will spend more every single year

• The sequester would slow the growth in federal spending by just $85 billion, from an expected, pre-sequester budget of $3.64 trillion — less than a 2.3% reduction. To put that in perspective, the federal government borrows $85 billion every 28 days .

• Grandma’s Social Security check won’t be cut 

• Over the entire 10-year period covered by the sequester, defense spending would average roughly $100 billion more each year