posted on Mar, 9 2013 @ 09:56 AM
reply to post by TauCetixeta
The problem is that your analogy is a bit short sighted. The sequester does stall the growth of government for the year, and yes, until the
"sequester cuts" part of the clock reaches 84 billion (which will happen in less than 3mos) the 2013 deficit will continue to drop.
You see, the 2013 budget didn't include the sequester which is why you see the falling number. That number (U.S. Federal Budget Deficit) shows this.
Next year however the budget will grow more still. The number you are paying so much attention to means nothing in the long term. The number that
matters, the one that we need to see on the decline is "U.S. National Debt"
All we are doing is chipping 85 billion off of a deficit of over a trillion dollars. Saying that puts government spending in neutral is like me
getting my car up to 150mph, and claiming that I am no longer speeding because I back it down to 149mph.
I will try one more hypothetical to try and help you understand. You do your yearly budget and it comes out to say 80K, but all you are going to make
is 50k. You have a 30k budget deficit. To help you decide to "sequester" 1K from your budget. As that 1k gets cut here and there you see your
deficit dropping until you are left with only a 29k deficit. It is a move in the right direction, but in the overall scheme of things it really does
nothing as your overall debt is still skyrocketing. What about next year? You get a 2k raise at your job (increased tax revenue), and have another 1k
being sequestered. Sounds good right? The problem is your budget for next year is going to be 90K. Now even with the sequester and your raise, your
deficit is 37k. Your sequestration has done virtually nothing, and will continue to do nothing until you decide to start living within your means.
As a nation we have to start living within our means. Until we do no tax hikes, and no economic boom will ever help.