Thursday, February 28, 2013

Sequester-geddon now - Zero Hedge: "All of this whining about the sequester shows why America is doomed."  "If we can't even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have?  All of this whining and crying about the sequester is absolutely disgraceful."

Tomorrow, summoned Congressional leaders will trudge up to the White House for what everybody acknowledges is a piece of theater.  I was driving home today wondering why Republicans would bother.  What do they have to gain?  They're not going to budge on taxes and Obama's just going to use the meeting to continue his campaign of character assassination.  Why should Boehner and McConnell be props in this farce?

1 comment: said...

The problem is that it translates to a 20% slash of the unprotected military funding, and here in Washington Metro area, that will cause a whole lot of heartache. Most government agencies will be barely affected, but the military, with 19% of the budget, will bear about 50% of the cuts, and since so much of it is protected, what is left is really very heavily affected. In an area like Virginia, for instance, where no dollar is more than two hands away from the military, that will have deep and abiding consequences. Other departments, not so much.