Here we go again with yet another GOP “manufactured crisis“…
Surprise! With the sequester, our lawmakers have once again manufactured a totally unnecessary and very harmful crisis
Well isn’t this familiar. Once again, our feckless politicians have pushed the nation to the brink over a problem that they created but can’t solve. Pick your cliché: We’re about to go over a cliff. The sky is falling. The ax will drop. And guess what? An even bigger crisis — a possible government shutdown — awaits at the end of March. In Washington, the good times just keep on coming.
I’m guessing that by now you know what the sequester is. If not: The federal government is about to begin cutting $1.2 trillion in spending, divided among defense and domestic programs. That sounds like a lot, but it’s spread over a decade. It amounts to about two pennies on the dollar.
There are a few good things to say about the sequester, but there seem to be more bad ones. On the plus side: Spending cuts might prevent another downgrade of the federal government’s long-term credit rating. Major rating agencies like S&P and Moody’s have warned of another ratings cut, which would further tarnish America’s financial reputation. Also: Cutting two cents out of every dollar is, sequester advocates say, hardly disastrous. The federal government is bloated and redundant. A few quick examples to illustrate this point:
* There are 15 agencies overseeing food-safety laws
* There are more than 20 different programs to help the homeless
* There are 44 overlapping employment and job training programs
These findings were part of a 345-page report in 2011 by the Government Accountability Office (GAO) that identified “81 areas for consolidation” among overlapping agencies and programs. The report says “reducing or eliminating duplication, overlap or fragmentation” could potentially save “tens of billions of dollars” annually and help agencies provide “more efficient and effective services.”
- News Analysis: Sequester cuts no big deal to U.S. stock market (nzweek.com)
- Sequester facts: What happens next, what gets cut (constitutioncenter.org)
- Can a possible government shutdown save us from the sequester? (washingtonpost.com)
- Avoid The Sequester By Eliminating Government Waste (godfatherpolitics.com)
- Explaining the Sequester (americanclarion.com)
- The Affects of Sequestration on The Nashville Real Estate Market (prweb.com)