Triggered by an appearance on Canadian TV, I asked yesterday why we should believe anti-sequester Keynesians. They want us to think that a very modest reduction in the growth of government spending will hurt the economy, yet Canada enjoyed rapid growth in the mid-1990s during a period of substantial budget restraint. I make a similar […]

I shared a couple of amusing sequester cartoons the other day, and I’ve previously written about the absurdity of anti-sequester hysteria in Washington when all it means is that the federal budget will grow by $2.4 trillion over the next 10 years rather than $2.5 trillion. This Nate Beeler cartoon effectively captures the mindset of […]

Notwithstanding hysterical rhetoric from the White House, the bureaucracies, and the various pro-spending lobbies in Washington, the sequester does not mean “vicious” or “draconian” spending cuts. I wish that was the case. All it does is restrain spending so that it grows by $2.4 trillion over the next 10 years rather than $2.5 trillion. We […]

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 […]

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 […]