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Extortionist In Chief

pguild Wrote: Feb 21, 2013 11:21 AM
The amount of money not spent because of sequestration is merely a tiny portion of the Federal Budget. The avatar, who is U.S. President, whose idea sequestration was, is making out that sequestration will have majorly bad effects, but that depiction is unrealistic. Peter Guild, Quincy, MA.

At the end of 1995 and stretching into January 1996, the federal government "shut down" because of an impasse between President Bill Clinton and House Republicans led by then-House Speaker Newt Gingrich. The issue was increased taxes vs. less spending. Sound familiar? The government re-opened when a bipartisan agreement was reached to balance the budget by 2003. It wasn't for reasons that included, but were not limited to, two wars. Now the national debt is racing toward an unsustainable $17 trillion.

This time around it isn't about closing government. It's about "sequestration," which President Obama, the Democrats and their big media...

Related Tags: Spending Cuts Taxes economy