The Right’s fact free economic theories, and its hate for Obama, combine to drive us back into recession. This really does need to be understood by the American middle class. Here is a very good take on what the Sequester would do.
WHITE HOUSE WEB SITE
Unless Congress acts by March 1st, a series of automatic cuts—called a sequester—that threaten thousands of jobs and the economic security of the middle class will take effect. There is no question that we need to cut the deficit, but the President believes it should be done in a balanced way that protects investments that the middle class relies on. Already, the President has worked with Congress to reduce the deficit by more than $2.5 trillion, but there’s more to do. The President believes we can not only avoid the harmful effects of a sequester but also reduce the deficit by $4 trillion total by cutting even more wasteful spending and eliminating tax loopholes for the wealthy.
Unfortunately, many Republicans in Congress refuse to ask the wealthy to pay a little more by closing tax loopholes so that we can protect investments that are helping grow our economy and keep our country safe. Our economy is poised to take off but we cannot afford a self-inflicted wound from Washington. We cannot simply cut our way to prosperity, and if Republicans continue to insist on an unreasonable cuts-only approach, the middle class risks paying the price. The most damaging effects of a sequester on the middle class are:
Phi Beta Iota: Put simply, the White House is deceiving the public. Neither the White House nor the Office of Management and Budget (OMB) manage anything other than budget share. They do not have the Whole of Government ethical evidence-based decision-support they need to actually drill down to the 50% in each Cabinet department that is documented waste, so they resort to trimming on the margins and using cuts as propaganda instead of cuts as healing surgury. The Right is if anything less ethical and less intelligent than the Left, but this is not saying much — BOTH lack intelligence with integrity.
We the People Reform Coalition (for the ideas, not a political endorsement)