Impact of sequester grossly exaggerated

info@islandpacket.comMarch 8, 2013 

A recent story in the Wall Street Journal outlined some of the devastating reductions in federal spending that will result from the sequester.

Wool manufacturers are going to suffer a subsidy reduction. The $13 million block grant for native Hawaiian housing is cruellygoing to be cut by a whopping $1 million, and the list goes on.

What makes this political circus, being waged for our entertainment, so laughable is that the cuts represent reductions in spending increases. In the meantime, the debt and service on the debt will destroy our country. As Ayn Rand would likely say, we are being looted by the mooches in Washington who possess some distorted sense of altruism and avarice for power and money they didn't earn.

Tom Gerber


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