” The federal government, the nation’s largest consumer and investor, is cutting back at a pace exceeded in the last half-century only by the military demobilizations after the Vietnam War and the cold war.
The reductions are designed to be indiscriminate, cutting everything from air traffic control to nursery schools.
And the turn toward austerity is set to accelerate on Friday if the mandatory federal spending cuts known as sequestration start to take effect as scheduled. Those cuts would join an earlier round of deficit reduction measures passed in 2011 and the wind-down of wars in Iraq and Afghanistan that already have reduced the federal government’s contribution to the nation’s gross domestic product by almost 7 percent in the last two years.”
Left unsaid in all this talk of sequestration , budget “cuts” and austerity is the fact that if this government cannot even find a way to scale back annual growth by a measly 2% without “catastrophic” consequences then ANY HOPE for getting the deficit under control and limiting the endless growth of government is hopeless . If this is in fact the case then we are doomed . You’d better brush up on your Chinese .
Illustration By Michael Ramirez
- NY Times Trots Out “Austerity” Regarding Sequester (stoptheaclu.com)
- About Those Sequestration ‘Cuts’ And ‘Austerity’… (pjmedia.com)
- Cuts In Proposed Increases Are “Austerity Measures” (godfatherpolitics.com)
- Yes, We May Well Have a Double Dip This Year. Why Do You Ask? (delong.typepad.com)