Tag: sequester

Reminder: President Obama cut spending over 4% in 2012 and 2013, but the world didn’t end, despite claims we were heading over the cliff without brakes

Christian TwisteLeave a comment

While you wouldn’t know it from the collective outrage visited upon us daily, between 2011 and 2013, total federal spending fell from $3.6 trillion to $3.45 trillion, but then as now, many predicted disasters that simply didn’t happen.  As is so often the case in our increasingly absurdist times, the conventional wisdom holds that all… Continue reading Reminder: President Obama cut spending over 4% in 2012 and 2013, but the world didn’t end, despite claims we were heading over the cliff without brakes

Debt ceiling winners, losers, and random thoughts on our fiscal future

Christian TwisteLeave a comment

No one should be under the illusion the debt ceiling deal does anything except increase spending.  Even if Congress follows the terms of the bill, spending will continue to grow every year and total debt will continue to increase with no viable prospect to achieve anything near a balanced budget.  Last week, the Great Debt… Continue reading Debt ceiling winners, losers, and random thoughts on our fiscal future