Of course we'll come out alive, just like we survived the Great Depression. Whether our place in the world will be the same after the dust settles is the real question.
CHARLES KRAUTHAMMER: Cutting is always attractive in the abstract but in the details it rarely is because there are constituencies who get affected if you have cuts. But the cynicism of the campaign of this administration is astonishing. The assumption is that somehow at every stage of the expansion of the liberal federal government we have reached a platonic ideal and that if you cut a dollar off that, it's as if God had devised exactly the size of government America needs and any cut leads to Armageddon.
What we're talking about here is two cents on the dollar. Every dollar the government spends today, 35 cents is borrowed from the Chinese and others. What is going on here is ending up in a position where we borrow not 35, but 33 cents, and that is going to bring Armageddon. An example of the cynicism of this campaign, is one lobbyist for the liberal causes leading 3,000 organizations in opposing the cuts, who told The Washington Post the following: 'The worst case scenario is the sequester hits and nothing really bad happens.'
Think of the cynicism of that. The worst case scenario is that the government makes a small, minuscule cut in spending on the way to beginning of a journey of recovery in to fiscal health, and that it doesn't hurt us, we actually come out of it alive. And, that to them, is the worst case. It means, think of how they are weighing the national interest, which needs a cut in spending and these parochial special interests.
http://www.realclearpolitics.com/vid...out_alive.html
Of course we'll come out alive, just like we survived the Great Depression. Whether our place in the world will be the same after the dust settles is the real question.
What'll happen is that nothing will happen but Barry & Co. will trot out a bunch of "mulitcultural" homeless people, point, and shout, "THIS is what the ebil, racist GOP did to America!!" (Nevermind that Barry WANTED the sequester to happen and threatened to veto any effort to avoid it.) The usual Kool-Aid drinkers will nod to themselves and give an, "Amen Brother!" Rinse and Repeat 24/7 on liberal media.
Problem is, the sequester doesn't begin to tackle entitlement reform which is the real threat to America's financial viability.
Bowles-Simpson had it mostly right . . . to bad they're being ignored.
RL
Do you think they'd cut this one?
http://en.wikipedia.org/wiki/Medicar...ernization_Act