CHARTS: Here’s what Obama is calling “catastrophic” cuts imposed by the sequester
You heard President Obama’s hysterical press conference yesterday about “catastrophic” spending cuts imposed by the sequester.
Now for some perspective . . .
Note that federal spending still goes up every year under the sequester.
The federal government is now borrowing 46 cents out of every dollar it spends. If Obama were really concerned about the “children,” as he always claims, he’d be concerned about the mountain of debt he’s piling onto their backs.
Every baby born today in America owes $55,000 on the national debt debt. This number doubles every seven years at the current rate of spending.
If Republicans in Congress cave on this modest spending restraint mechanism known as the sequester, there really is no hope for the country.
Here was Obama’s presser on the sequester . . .
2013-03-02 06:46:49
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