President Obama is at it again. Unable to manage the government or the economy effectively, he threatens to victimize taxpayers and stick Republicans with the blame.
It appears likely sequestration will require $85 billion in cuts to defense and non-entitlement government spending.
Unwilling to acknowledge the government has a spending problem — over the last five years, outlays are up $1 trillion and three times the amount required by inflation — and that tax revenues are short because his policies have instigated the weakest recovery since the Great Depression, President Obama is threatening draconian measures if Republicans don’t agree to more taxes.
The president has announced meat inspectors will be furloughed and food shortages will result. His cabinet secretaries are threatening three-hour waits at airports to clear security, reducing embassy protection and border patrols, cutting the Persian Gulf Naval presence from two aircraft carriers to one, and the list goes on ….
Repeatedly, the president has exclaimed if congressional Republicans don’t cooperate, spending cuts now could derail the hard won recovery. It puzzles me how $85 billion in a $16 trillion economy could make such a difference, especially when tax increases of similar size, implemented on January 1 at the president’s behest, had no similar effect in his mind.
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