Today, Barack Obama spoke out about the pending sequestration flanked by first responders and others. What he did not mention was that sequestration was
When the GOP offered an alternative to the sequester, Obama threatened in Nov 2011 he would veto any bill that would stop the sequester.
In addition, according to the liberal leaning Washington Post and Politifact Obama was the one who created and supported the sequestration, where Obama said:
“Already some in Congress are trying to undo these automatic spending cuts. My message to them is simple: No, I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending. There will be no easy off ramps on this one”
But it was Obama’s negotiating team that came up with the idea for defense cuts in 2011, though they were intended to prod Congress to come up with a better deal for reining in the deficit, not as an effort to make those cuts reality.
Woodward’s detailed account of meetings during the crisis, clearly based on interviews with key participants and contemporaneous notes, make it clear that sequestration was a proposal advanced and promoted by the White House”
The Washington Monument ploy. "If Congress allows this meat-cleaver approach to take place," he moaned, "it will jeopardize our military readiness; it will eviscerate job creating investments in education and energy and medical research." His parade of horribles went on for several minutes. All of this wreckage from a 5% cut to domestic agencies and a 7% cut to the military.
Americans need to understand that Mr. Obama is threatening that if he doesn't get what he wants, he's ready to inflict maximum pain on everybody else. He won't force government agencies to shave spending on travel and conferences and excessive pay and staffing. He won't demand that agencies cut the lowest priority spending as any half-competent middle manager would.
It's the old ploy to stir public support for all government spending by shutting down vital services first. Voters should scoff at the idea that a $3.6 trillion government can't save one nickel of every dollar that agencies spend.
Mr. Obama just whacked the economy with a roughly $160 billion tax increase in 2013 that he says will do no harm, but he wants us to believe that $85 billion in spending cuts will trigger a recession. The sequester shaves the equivalent of about 0.25% of GDP when offsetting it against the extra money the feds are spending on Sandy relief.
Mr. Obama has taken government spending from 21% to 24% of GDP, yet we've had the weakest economic recovery in three generations.
Obama has rejected every meaningful reform in entitlements that Republicans or his own Simpson-Bowles commission have offered. ObamaCare will add more than $1 trillion in new costs and add some 17 million people to Medicaid, but he says this can't be touched. In his State of the Union address Mr. Obama proposed $83.4 billion in new spending, according to a tally by the National Taxpayers Union.
If Mr. Obama really wants to eliminate the sequester, Republicans are ready to negotiate. But if he won't drop his tax increase and negotiate in good faith, as he hasn't during his Presidency
Over the next 10 years, the sequester amounts to a $1.16 trillion cut, or roughly 3 cents on every federal dollar. If we can’t squeeze a couple of pennies out of every dollar, we might as well begin our great national bankruptcy proceedings right now.
Even with the sequester, nondefense discretionary spending will still be up almost 10 percent since 2008. Even with the sequester, federal spending is projected to be a robust 22.8 percent of gross domestic product in 2023. Even with the sequester, the debt will hit 100 percent of GDP just two years later than it would otherwise, according to the Bipartisan Policy Center.
Understanding the Sequester...Obama's fear-mongering is propaganda disguised as tax increases&more spending http://sco.lt/5Q1Gt7