In his column yesterday, George Will articulately and concisely outlined why the American people should not listen to the Beltway hysteria over sequestration:
First, the alleged cuts (in reality, reductions to expected spending) simply aren’t large when compared to the federal budget:
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 chain-saw 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 Hurricane 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!
Second, a succinct summary of how many in Washington have let ideology overcome basic mathematics and fiscal reality – and are pushing it into the media to mislead the American people: