The blue line on the chart shows the projected federal government spending for the next eight years without sequestration. The red line shows the projected spending with sequestration. The space between the lines is what all the caterwauling, posturing, demagoguery, howling, wailing and gnashing of teeth is all about.
You’d think the red line was going to drop precipitously tomorrow. Gimme a break. Methinks they doth protest too much. This doesn’t stop the increase; it merely reduces it by a barely perceptible amount. This doesn’t make government responsible or sustainable.
The entitlements today might help some people, but that doesn’t even begin to make up for the people who will be hurt when the bill inevitably comes due — landing on you or your kids in ten or twenty years. It’s hard to say when the crash will occur. I’m thinking sooner than later.
This is rampant government malpractice on parade.