So what's with this "sequestration"?

[Swampman]

Millions through out the country.  Thousands in NW FL.  We have the largest Air Force installation in the free world and all US military fliers train here.  There are about a dozen installations between Pensacola and Panama City.

         They are still going to spend MORE this year than last.  How in the world will that cause the loss of "millions" of jobs?  That kind of thinking is simply insane.

The funding will be cut for the operations that require the jobs.

[-Shaggy-]

Sequestration will be good practice for the coming bankruptcy. It's not politics anymore, it's just math.

[coyotejoe]

Sequestration will be good practice for the coming bankruptcy. It's not politics anymore, it's just math.

Sad but true, we've been running on empty for years now and there is no way this administration will allow spending to be reduced, it will be pedal to the metal to the end.

[scootrd]

 

your mixing apples and oranges , The Deficithas been shrinking. No one is arguing the deficit is large.
However the the deficit itself has actually been shrinking year to year over last 3 years which was the statement in my post. Even your own chart depicts the decline of the deficit.

Thanks for playing.


http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm

Semper Fi

[coyotejoe]

Ha Ha Ha, that was supposed to be a joke wasn't it?

[Conan The Librarian]

What are the actuals for 2010 thru 2012? Those red bars are estimated by some identified party. And by the way, this "fast rate of change" argument is a typical trick used by people who intend to decieve with numbers. It's like a company start up that's the fastest growing company in its niche. It was at zero, so any growth at all is spectacular. In this case, the deficit was out of control, and arguably remains so. So facts are badly needed. Not estimates.

[scootrd]

2 days ago

Testimony before the Committee on Finance, United States Senate

http://www.cbo.gov/publication/43952

Excerpt  -
If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $845 billion, or 5.3 percent of gross domestic product (GDP), its smallest size since 2008.  In CBO’s baseline projections, deficits continue to shrink over the next few years, falling to 2.4 percent of GDP by 2015.

Deficits are projected to increase later in the coming decade, however, because of the pressures of an aging population, rising health care costs, an expansion of federal subsidies for health insurance, and growing interest payments on federal debt. As a result, federal debt held by the public is projected to remain historically high relative to the size of the economy for the next decade. By 2023, if current laws remain in place, debt will equal 77 percent of GDP and be on an upward path, CBO projects.

So yes Debt is a problem but there is time to work on solutions thoughtfully. Arbitry Sequestation hatchet cuts across the board is just dumb.

  “You are entitled to your opinion.  But you are not entitled to your own facts.” 
  ―Daniel Patrick Moynihan

[Conan The Librarian]

Those estimates are based on information provided to CBO by congress. They are almost always wrong because CBO is constrained in the assumptions it makes by needing to take into account only the information they are given.
 
One of the key assumptions is that the recent tax increases will actually increase revenue, therby being the main contributing factor to the lower deficit. I'll believe it when I see some actuals.

[Casull]

Arbitry Sequestation hatchet cuts across the board is just dumb.

 
 
 
Calling the increased spending "hatchet cuts" is an out and out lie.  Simple enough.

[Oldshooter]

The main thing to understand about this sequester deal is that BHO's and the Congress's paychecks are not sequestered.
.
..
.TM7

good point, go figger, they didn't stop their paychecks prolly the sane reason they didn't get on the obama med plan.

[45-70.gov]

deficit =  rate of dept growth....so what is your point


what party controls congress is more reverent than the white house