Pestered by the Sequester - The American Spectator | USA News and Politics
Pestered by the Sequester
by

The Washington Post took Capitol Hill’s temperature over the sequester this morning, and found resigned optimism:

Adding to the sense of inevitability is the belief that the cuts, known as the sequester, would improve the government’s bottom line without devastating the broader economy. Though the cuts would hamper economic growth, especially in the Washington region, the forecast is far less dire than with other recent fiscal deadlines, and financial markets are not pressing Washington to act.

But that was before we knew GDP took a hit last quarter, largely thanks to deep cuts in defense spending. The sequester requires a further 9.4% reduction in military programs. Will there be further economic damage from such a significant reduction in military spending?

The cold answer may be, yes, but too bad. Ultimately we may need to suffer stymied economic growth in the short term to prevent a greater debt crisis in the long term. Congress won’t cut spending on its own, so the sequester is only way.

No doubt we’ll be hearing a lot of debate on this in the coming days. Our own G. Tracy Mehan delved into it yesterday and concluded: “Maybe it is time to start loving the sequestration.”

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation