By Rich Lowry
The Hendricks County Flyer
Tue Feb 26, 2013, 04:43 PM EST
Prepare for the end of food safety as we have known it. For a breakdown in public order. For little children languishing in ignorance. If only Edward Gibbon were here to chronicle the devastation. On March 1, the fabric of our civilization begins to unwind.
That's when the economy begins to stall and we turn our back on our values, all because the federal government will have to begin to cut a few tens of billions of dollars from the largest budget the world has ever known.
This is the lurid fairy tale spun by President Barack Obama. In the fight over the sequester, he is resorting to the tried-and-true (and tiresome) strategy of every official confronted with unwelcome budget cuts, from the commander in chief to a lowly bureaucrat toiling at some school district: maximize the scaremongering and pain.
In Hans Christian Andersen terms, Obama is the princess and the sequester is the pea. Over the next 10 years, the sequester amounts to a $1.16 trillion cut, or roughly 3 cents on every federal dollar. If we can't squeeze a couple of pennies out of every dollar, we might as well begin our great national bankruptcy proceedings right now.
This year we are supposed to cut $85 billion from a $3.5 trillion budget. And it won't even be that much. According to the Congressional Budget Office, the federal government won't be able to cut the full $85 billion. It will manage to cut only about half that in 2013.
As Yuval Levin of the journal National Affairs points out, even with the sequester, the federal government will spend a little more in 2013 than in 2012, $3.553 trillion compared with $3.538 trillion. Welcome to the Age of Austerity.
Even with the sequester, nondefense discretionary spending will still be up almost 10 percent since 2008. Even with the sequester, federal spending is projected to be a robust 22.8 percent of gross domestic product in 2023. Even with the sequester, the debt will hit 100 percent of GDP just two years later than it would otherwise, according to the Bipartisan Policy Center.
It's hard to see how a cut of a little more than $40 billion this year can possibly tank a $16 trillion economy. Or why keeping the deficit the same as it is projected to be this year, at about $845 billion with the sequester cuts already accounted for, will be a shock too severe for the economy to take.
None of this should be taken as a brief for the sequester as policy. It is a classic instance of Washington coming up with a stupid kick-the-can compromise and then proceeding to have an even stupider debate over what to do next. The bastard spawn of the debt-ceiling fight, the sequester is designed to be crude and unappealing to all sides. It disproportionately and thoughtlessly hits defense spending and domestic discretionary spending. There is very little to recommend it Ñ except that it is actually a spending cut in a Washington where that is the rarest of creatures.
Ideally, Congress and the president would agree on more targeted and intelligently crafted savings. But the president insists on more tax increases. The other day he said a cuts-only replacement for the sequester would be as absurd as a taxes-only agreement on overall deficit reduction. Yet he exacted a taxes-only agreement from Republicans over the fiscal cliff, with nary a concern about making the deal more "balanced."
Since Republicans rightfully aren't budging on tax increases so soon after giving the president a tax hike that hit 77 percent of households (thanks to the expiration of the payroll-tax cuts), the sequester seems certain to happen.
Presumably, its cuts will be more rationally allocated at some later date. For now, to paraphrase Phil Gramm talking about Gramm-Rudman-Hollings, his own budgetary blunderbuss from the 1980s, the sequester is a bad idea whose time has come.
(c) 2013 by King Features Syndicate
Will the current V.A. backlog on veterans’ compensation claims be the next scandal to hit the administration?
Currently, the backlog is at 865,000 plus compensation claims with a wait time of greater than 125 days.
June 18, 2013
Apparently, it is not enough to tolerate, accept, or even endorse the gay agenda. Now, unless you tolerate and accept criminal behavior committed by gays, you are a hater.
Believe it — that is the very public argument being made in behalf of Florida high school cheerleader Kaitlyn Hunt, 18, who faces criminal charges for having sex with a 14-year-old girl.
Word on the street and in the media is that it will be a really bad summer for mosquitoes. Or should I say, it will be a really bad summer for humans, because it will be a great year for thirsty mosquitoes.
June 14, 2013
As a Christian, I feel compelled to respond to a recent letter to the editor.
When Barack Obama announced his presidential campaign back in February 2007, he did it in front of the old Springfield, Ill., Statehouse in a speech full of references to Abraham Lincoln.
Ordinarily I don’t take requests, but a bunch of people have written to ask how I’m doing with my weight-loss surgery and I thought this might be the most efficient way to answer.
June 11, 2013
I am a grandmother who went to the Brownsburg graduation ceremony on June 7 and due to very poor planning on Brownsburg School’s part, I could not sit and watch my twin grandsons graduate in person. I was directed to an overflow room where I had to watch it on a TV screen and could not even take pictures.
What you are now hearing across the land is a collective whine. Blue-state Democrats are upset that Texas Gov. Rick Perry dares come and play in their sandboxes, and worse, threatens to “poach” jobs from their states.
The website Politico reports that Perry’s attempts to lure jobs to Texas are “infuriating to prominent Democrats around the country.”
I am the first to admit I am behind the times when it comes to technology. I remember way back in the olden days of the 1990s when I was actually ahead of the game. Now there are second-graders that are more tech savvy than me. I just decided to stop my forward technological progression a few years back.
June 7, 2013
College graduates facing a crushing debt – some more than $100,000 – is a very big and a very real problem.
But U.S. Sen. Elizabeth Warren’s recent proposal to deal with it won’t solve the problem. It is a cheap ploy to divert attention from the real problem.
An NPR broadcast examines the question of how communities can better prepare for tornadoes like the one that struck Moore, Okla. on Monday. The broadcast features commentary from Michael Fitzgerald, who reported a five-part disaster series for the CNHI News Service.
May 22, 2013
Part I: Are We Prepared? | Part II: Disaster Dollars Part III: Lessons Learned | Part IV: Warning Signs Part V: The Big One
General Keith Alexander says two recently disclosed surveillance programs on international communications are critical in the terrorism fight.
June 18, 2013
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