According to President Obama who seems to do little more these days than go from manufactured crisis to manufactured crisis blaming Republicans, the automatic spending cuts coming this year in the budget sequestration worked out in the debt limit increase deal of late summer of 2011, will be devastating and could possibly send our country into an economic Armageddon. In August 2011, Obama worked out this deal to delay spending cuts amounting to $89 billion in 2013. He made this deal to get a $2.1 trillion increase in the debt limit which would take him past the 2012 elections and past the embarrassment and stress of having to deal with budget negotiations during the campaign season.
It was sheer stupidity for any Republican to agree to such a deal, but the President with a willing media has a way of blaming the GOP for absolutely everything bad that happens to this country, so Republicans went along with it. Before Obama realized that conservatives were actually willing to agree to sacred cow defense cuts, President Obama threatened to veto any repeal of the sequester when he made this statementÂ on November 21, 2011:
"I will veto any effort to get rid of the automatic spending cuts... No easy off-ramps on this one. We need to keep the pressure up to compromise. Not turn off the pressure. Only way the spending cuts will not take place is if congress gets back to work and agrees on a balanced plan to reduce the deficit by at least $1.2 trillion. That is what they need to do. Thatâ€™s the job they promise to do"
Clearly there the President is saying he wants the automatic spending cuts and he will veto any efforts to get rid of them. However, the President now says that the world will come to an end if we donâ€™t stop these same cuts he threatened to veto back in November 2011 when he made this statement on February 5, 2013:
"The threat of massive automatic cuts have already started to affect business decisions.Â Deep indiscriminate cuts to things like education and training, energy and national security, will cost us jobs and it will slow down our recovery.... Itâ€™s not the right thing to do for the economy, itâ€™s not the right thing for folks who are out there still looking for work. And the good news is this doesnâ€™t have to happen."
Well what is it Mr Obama? Do you want the spending cuts or don't you? And shame on the State Run Media for not even reporting on this! When their man speaks out of both sides of his mouth, lying through his teeth simply to look good as if he is some kind of reduction in spending champion, but then a year and three months later when the budget ax starts to fall he acts as if he was never for the same cuts he threatened to veto!
But what is even more disturbing than Obama's outright lie is that we are only talking about slightly over $85 billion in cuts for this year. We spend $3.5 trillion a years on our budget, $1.3 TRILLION more than we take in and we're talking about a mere $85.4 billion in cuts. Get this, trillions need to be cut out of our budget to pay off our national debt of over $16 trillion and more than a trillion should have been cut from the budget every year since Obama has been president, and we are fighting over a miniscule $85 billion with President Obama acting as if the world is going to end.
Here is what the 2013 sequester includes:
$42.7 billion in defense cuts (a 9.4 percent cut).
$28.7 billion in domestic discretionary cuts (a 8.2 percent cut).
$9.9 billion in Medicare cuts (a 2 percent cut).
$4 billion in other mandatory cuts (a 7.6 percent cut to nondefense programs, and a 10 percent cut to mandatory defense programs).
Is there really any chance of cutting what needs to be removed from our unsustainable levels of spending if we can't even cut this much money from our budget?