This year the real cuts in spending, brought on by sequestration, will actually be $44 billion in the ”increase” in this year’s $3.8 trillion budget; it will, I repeat, be $44 billion only in the “increase” in spending; it is not in an actual decrease in last year’s spending. The reason it will be $44 billion and not $85 billion is because it will kick in late in the fiscal year—$44 billion equates to ½ of what the federal government actually borrows every 28 days from lenders like China to cover the out of control spending.
In fact “half (50%)“of the $44 billion is being taken out of the DOD Budget, even though the Defense Department is only 20% of the annual federal budget, not 50% of the federal budget; that assault on the US Armed Forces was directed by Obama when he created sequestration. It is truly unconscionable to divide the cuts that way when our US Military is…
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