I see the Democrats are at it again. The dark cloud of sequestration is hanging over the country. Automatic cuts across the board. Half will come from defense and half from social programs.
There are two things that must be remembered, and of course, the Democrats wish that you would forget.
President Barack Obama was the person who came up with this not-so-brilliant plan. In fact, he said that if Congress presented a bill that did away with sequestration, he would veto it. In the coming days you will hear and read how this is a Republican plan. Keep in mind, it is an Obama plan.
The other thing concerning sequestration is that it is a cut in the rate of growth. It is not a cut as sane people would define a cut, but how politicians define a cut. Even if sequestration happens, at the end of 10 years, America will still have spent $9 trillion more than we take in. That’s trillion, folks, and that’s insane.
I can hear the Democrats ranting and raving to tax the rich. The rich already pay way more than half of all income taken in by the government. Any government that takes over a third of a person’s income is immoral.
We as a country can use a little belt-tightening. It didn’t hurt Germany or Great Britain. It did hurt Greece and Spain and Italy but that’s only because they kept kicking that economic can down the road until they ran out of road.