2.8%. This figure is what we keep coming back to. A 2.8% cut to the FY13 Federal Budget. As in sequester.
Yes, we all understand now that the sequester doesn’t allow many federal agencies the discretion to cut where it makes the most sense. Yes, it’s stupid dysfunctional policy designed to force some kind of eventual compromise.
But hold on a second… The House sent up a bill that would give the President discretion to enforce those 2.8% in cuts. Cut where you need to, just cut. He didn’t like that, though, because that puts the impetus for this thing on him.
The President’s proposal included another tax increase on the wealthy and the elimination of some tax loopholes. The classic moving of the goal posts. No-go for Republicans – they can’t abide another tax increase. Meanwhile, no one can seem to agree on the amount of chaos and disaster the sequester cuts will truly cause. Will 2.8% in cuts truly wreck things? Even if applied stupidly? Continue reading