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Sequester-Sized Government Waste Can Go First

D G Wrote: Feb 26, 2013 3:17 PM
42% of spending is funded with more debt. Therefore, 42% of spending should be cut to break even. However, the debt must be paid off, and surpluses are needed to do that. Much more than 42% of spending should be cut. That is how things are.

The Milwaukee Journal Sentinel complained today about $8.5 million in cuts for classroom teachers in Wisconsin if the sequester goes through. The Fort Worth Star Telegram was more worthy, saying that the $67.8 million Texas will lose in education funding is doable for the state.

“That's a lot of money,” says Star-Telegram.com, “but the state is scheduled to receive $4.9 billion in federal funds this year, part of a total school spending plan that tops $40 billion when local funds are included. What the White House is talking about is taking away less than a 10th of a...