Monday, March 4, 2013

Sequester - Doomsday?

The Sequester is in effect and the sky hasn't fallen. Once again, the President's rhetoric flies in open conflict with reality. Both amusing and sad.


  1. I still don't know where this "end of the world" rhetoric is coming from. Perhaps you could link me to something more specific, but otherwise the way Republicans have portrayed Obama's reaction has been a little ridiculous. Obama certainly brought attention to it, but he hasn't gone that far. But just because the sequester isn't the end of the world doesn't mean it isn't bad policy. Cutting spending during a recession has clear negative effects and the sequester still doesn't deal with our major budget problems, mainly defense and entitlement spending.

    1. That's a fair point on the core debt drivers. But I do think that the Administration was hugely sensational about their rhetoric. They said that the airline industry would essentially start to fall apart. They said the sequester would hamper the most central elements of our national defense, etc..

    2. Thanks for the link. I think I stand corrected on Obama's reaction, some very stupid things were said over this debacle. Perhaps I should put down my Econ books and watch the news a little bit more.

    3. No worries. I need to hear your challenge to my conservative take! I'll be interested to see your comment on my Rand Paul piece(it will be published on blog at 12.30AM).