Are You Afraid of the Sequester?

The President and his mouthpieces at NPR and the rest of the public information media claim that the end of the world is coming tomorrow if the “sequester” goes into effect. All kinds of chaos will break out all the way from airport control towers into classrooms all over the country as thousands of people lose their jobs or are required to take unpaid leave.

Well, some of that may happen; but the interesting thing to note is that the $85 million, which will be cut out of government spending, is exactly the same amount the Federal Reserve is printing each month in order to pay for government deficit spending. Last year, the Fed printed $40 billion monthly. Wow! It would be terrible if the U.S. had to cut spending down to the excessive amount the government is printing every month. We might have to wait a whole month to get back into the spending spree  our government has practiced for the last four years. Poor President Obama! It really hurts him to think of any kind of significant spending cut.

If you are interested in seeing graphic information on government debt and spending practices, I would suggest you look at http://bit.ly/R9oPmU. (Control+click)