{"id":17585,"date":"2013-02-20T11:34:09","date_gmt":"2013-02-20T16:34:09","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=17585"},"modified":"2013-02-20T11:35:18","modified_gmt":"2013-02-20T16:35:18","slug":"tuning-out-the-media-hysteria-related-to-the-budge-sequester","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=17585","title":{"rendered":"Tuning Out The Media Hysteria Related To The Budget Sequester"},"content":{"rendered":"

Today’s American Spectator<\/a> posted an article about President Obama’s<\/a> comments yesterday regarding the sequestration that is due to take effect on March 1st.<\/p>\n

The article points out:<\/p>\n

President Obama\u2019s federal government is slated to spend $3.6 trillion this year. That is $3,600,000,000,000. The supposedly draconian sequester will reportedly cut that by $85 billion, which is just 2%. In fact, as Mark Levin<\/a> pointed out last night, the actual cuts for this year from that level are $44 billion, which is 1% of the budget.<\/strong><\/p>\n

This is the reason we need an attitude adjustment in Washington<\/a>. The Washington establishment (of both parties) panic at the thought of a one percent budget cut<\/em>.<\/p>\n

National Review<\/a> today quoted Rand Paul<\/a>:<\/p>\n

\u201cIt\u2019s a pittance. It\u2019s a slowdown in the rate of growth [of spending],\u201d said Paul. There are \u201cno real cuts.\u201d He also said he voted against the sequester because he \u201cdidn\u2019t think it was enough\u201d since it \u201cdoesn\u2019t really begin to cut [actual] spending.\u201d<\/strong><\/p>\n

The ‘draconian cuts’ President Obama is talking about are not even cuts–they are simply reductions in the rate of growth.<\/p>\n

The American Spectator reminds us<\/a>:<\/p>\n

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<\/a>, and more prosperity? It doesn\u2019t, which is why Keynesian economics<\/a> never works.<\/strong><\/p>\n

So what is going on here? The Washington culture of we want more of your money so that we can spend more is on full display.<\/p>\n

The article at the American Spectator also reminds us that under the current tax rules, the rich do pay their fair share:<\/p>\n

President Obama also persisted yesterday in spreading the dishonest falsehood that billionaires pay lower tax rates than theirs secretaries. That is based on a cartoon version of our tax code. CBO<\/a> reports to the contrary that in 2009 the top 1% paid an average federal tax rate of 29%, while the middle 20% paid an average federal tax rate of only 11.1%, and the bottom 20% paid an average federal tax rate of 1%. We need a law that would hold President Obama personally liable when he uses the trappings of office to spread outright fairy tales.<\/strong><\/p>\n

We can solve the nation’s financial problems, but first we need to change the culture in Washington regarding spending. If we don’t do that, we will become western Europe–with permanent high unemployment rates and no money to defend ourselves (which actually is the job of the federal government).<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Today’s American Spectator posted an article about President Obama’s comments yesterday regarding the sequestration that is due to take effect on March 1st. The article points out: President Obama\u2019s federal government is slated to spend $3.6 trillion this year. That … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5014,97,5015,562,2244,164,285,615],"class_list":["post-17585","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-spectator","tag-barack-obama","tag-mark-levin","tag-obama","tag-rand-paul","tag-republican","tag-united-states","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/17585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17585"}],"version-history":[{"count":6,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/17585\/revisions"}],"predecessor-version":[{"id":17593,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/17585\/revisions\/17593"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}