Monday, March 4, 2013

Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year

The President's "Sequester" mandate, if left intact, will weaken the military and place an unnecessary strain on the U.S. economy. The automatic, arbitrary budget cuts - which Obama devised, and refused to rescind - are not helpful, to say the least.

Nevertheless, CNS News notes that, "During the month of February--as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in--the federal government’s debt climbed by $253.5 billion."
That one-month increase in the debt was nearly six times as much as the $44 billion in spending cuts the Congressional Budget Office estimates will take place in all of fiscal 2013 as a result of sequestration...

Bottom line: In February alone, the government borrowed nearly 6 times as much as it intends to save with the sequester over the rest of the fiscal year.
Just because the President engages in outrageous spending sprees, thereby causing the national debt to climb to unprecedented levels, it doesn't make the pain of sequestration, and arbitrary budget cuts, any easier to bear, in my opinion. I don't take sequestration lightly. Nevertheless, the fact that the national debt, in February, climbed nearly six times as much as the $44 billion in sequestration spending cuts that will take place in all of 2013, underscores just how much debt Obama is creating with his reckless and profligate spending sprees.

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