New piece in Investors' Business Daily: "Obama's Sequester Cuts Are A Mere 1% Of Budget"
My new piece starts this way:
President Obama is almost breathless predicting "devastating" consequences if the sequester trigger is pulled.
He warns the cuts "will hurt our economy ... add hundreds of thousands of Americans to the unemployment rolls. ... The unemployment rate might tick up again."
But will a $44 billion cut in spending out of a $3.8 trillion budget, a mere 1%, really be a "meat cleaver approach" that will "eviscerate" government programs?
Obama frightens people by pretending that the $1 trillion cut takes place right away rather than being spread out over 10 years.
He has taken almost every possible position on spending and taxes. During the 2008 presidential campaign, Obama continually promised to "cut net spending" and make government smaller. The stimulus was promised not to "raise projected deficits beyond a short horizon of a year or at most two." . . . .
Labels: deficits, keynesianism, ObamaDishonest, op-ed
posted by John Lott at 1:33 AM
1 Comments:
Does anyone remember when the President and a good deal of the press could actually be trusted?
I guess there are cycles to these things. The Olympian gods made a habit of deception too.
The "background", however, has always - previously - been truth telling. Everyone always "knew" that telling lies had bad consequences and was not sustainable. "That way lies madness!"
We finally have caught up to the "Ideas have consequences" notion in real life and real time. President Clinton's "it all depends on what 'is' is" - (or something like that).And, Obama's "speeches" long on rhetoric and short on substance - and all of it "spinned" beyond - well just "beyond"!
We have leaders who have taken "relativism" to heart. This has rendered an inability to distinguish nonsense from common sense. This would be sad in a college classroom. From the "leader of the free world" it is shockingly surreal!
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