Tag Archives : Sequester
The Sequester Should Be Embraced, Not Feared
The looters and moochers in Washington are increasingly agitated by the prospect of sequestration. Automatic budget cuts, we are told, will indiscriminately slash vital programs and undermine economic growth by reducing government spending. This is utter bunk. I would like to “slash vital programs,” but the chart I prepared earlier this week shows that the […]
read more...Exposing the Absurdity of Washington’s Anti-Sequester Hysteria
To save America from the supposedly “savage” and “draconian” budget cuts caused by sequestration, President Obama has instead asked Congress to approve an alternative fiscal package containing additional tax increases. So why is the sequester so bad? Does it slash the budget by 50 percent? Does it shut down departments, programs, and agencies? Sounds good […]
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The Sequester May Not Be “Fair,” but It’s Real and It Would Slow the Growth of Government
Much to the horror of various interest groups, it appears that there will be a “sequester” on March 1. This means an automatic reduction in spending authority for selected programs (interest payments are exempt, as are most entitlement outlays). Just about everybody in Washington is frantic about the sequester, which supposedly will mean “savage” and […]
read more...In a Debate for U.S. News & World Report, I Argue Obama’s Plan Is Worse than the Fiscal Cliff
I took part today in a nine-person debate on the fiscal cliff for U.S. News & World Report. We were all asked, “Is Going Over the ‘Fiscal Cliff’ Necessarily the Worst Outcome?” I said “no” because there are worse options, and I specifically explained that Obama’s class warfare agenda is even more destructive. Readers are […]
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No Time to Go Wobbly On Spending Cuts
These are dark times for advocates of sane fiscal policy. The President and other Democrats have interpreted the recent election as a mandate to raise taxes, and if the past is any indication, the instinct from Republicans will be to cave. As if that isn’t bad enough, there’s the possibility of the sequester cuts being […]
read more...The Simple Solution to the Fiscal Cliff
Augmented by some amusing cartoons, I’ve already warned that the hysteria about the fiscal cliff is basically a ploy by the politicians to extract more revenue to finance bigger government. Elaborating on this concern, I wrote a column for today’s New York Daily News. I started with a description of the three issues that are […]
read more...Will House Republicans, Squeamish about the Defense Budget, Get Bullied into a Tax Hike by President Obama and Senator Reid?
Last year, as part of the fight over the debt limit, Congress created a “super-committee” that was designed to produce at least $1.2 trillion of “deficit reduction.” The statists saw this super-committee as a vehicle to seduce Republicans into a tax hike. They knew that some GOPers are perpetually gullible and would be susceptible to […]
read more...Sequestration Does Not Endanger America’s National Security
The left wanted to get one thing from the Supercommittee, and that was to seduce gullible Republicans into a 1990-style tax increase deal in order to enable bigger government. But I was pleasantly surprised when GOPers failed to surrender, which means that taxpayers didn’t get raped and pillaged. But winning a battle is not the […]
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