sequester roundup

1. The sequester represents 2.3% of the entire budget. Reason Magazine mocks this by offering a sequestration sale, 34 cents off the price of a subscription.

Putting this in perspective, this is $120 billion per year out of a budget of $3.7 trillion.

2. Sequester is not spending cuts, but cuts in the planned increase in spending.

3. It could all be paid, if the government recalled the bailout funds.

4. The defense cuts will be pork

5. Reason.com lists 5 other facts

6. The current set of things to cut is a political ploy. Obama could have targeted the cuts differently, but seem to be targeting service employees to maximize damage and political gain.

7. David Henderson lists 7 government implications. David Henderson also analyzes these.

8. Economist Garett Jones asks why not salary cuts. The answer, which he seems to not know, is that furloughed employees traditionally get back pay for time not worked. Paid for not working!

About christopher fisher

The blog is meant for educational/entertainment purposes. All material can be used and reproduced in any length for any purpose as long as I am cited as the source.
This entry was posted in Economics, Goverment. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s