Steep cuts in government spending are set to kick in starting Friday—and the handwringing is growing more intense.
New York Times columnist Paul Krugman, who has elevated hyperbole to an essential element of op-ed writing, calls the sequester “one of the worst policy ideas in our nation’s history.” I was thinking slavery and the Tuskegee experiment, but oh well.
The Daily Beast chimed in with a charming catalogue of horrors called “Eight Ways the Sequester Could Ruin Your Life.” On the list were things like scrapping that family vacation to Yellowstone because cuts to the Department of the Interior will force the termination of ranger programs and reduce park admissions. Life just has no meaning any more because I can’t look for Yogi.
The article warned of scarier things, like a future of unwitting horse meat dinners because the Food Safety and Inspection Service will be forced to furlough inspectors.
One wonders, how did we keep Mr. Ed out of our TV dinners in 2005 when the federal budget totaled $2.4 trillion?
At that time the federal budget totaled a little less, actually, than the $2.45 trillion that the federal government collected in taxes last year. And, yet, the Republic survived.
But last year the government spent $3.54 trillion, thus adding (another) trillion-plus dollars to the deficit.
Houston, we’ve got a spending problem!