The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi98° Hot

Tonight

Lo71° Clear

Monday

Hi99° Hot

Monday Night

Lo73° Mostly Clear

Tuesday

Hi100° Hot

Tuesday Night

Lo74° Mostly Clear

Wednesday

Hi101° Hot

Wednesday Night

Lo74° Mostly Clear

Thursday

Hi101° Hot

Thursday Night

Lo72° Mostly Clear

The sequester: A manufactured crisis

Send to Kindle
Print This
Even during this desultory economic recovery, one industry thrives — the manufacture of synthetic hysteria. It is, however, inaccurate to accuse the Hysteric in Chief of crying “Wolf!” about spending cuts under the sequester. He is actually crying “Hamster!” As in: Batten down the hatches — the sequester will cut $85 billion from this year’s $3.6 trillion budget! Or: Head for the storm cellar — spending will be cut 2.3 percent! Or: Washington chainsaw massacre — we must scrape by on 97.7 percent of current spending! Or: Chaos is coming because the sequester will cut a sum $25 billion larger than was just shoveled out the door (supposedly, but not actually) for victims of storm Sandy! Or: Heaven forfend, the sequester will cut 47 percent as much as was spent on the AIG bailout! Or: Famine, pestilence and locusts will come when the sequester causes federal spending over 10 years to plummet from $46 trillion all the way down to $44.8 trillion! Or: Grass will grow in the streets of America’s cities if the domestic agencies whose budgets have increased 17 percent under President Obama must endure a 5 percent cut!

View my options or Sign in