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« World's First Bitcoin ATM Launched In CYPRUS | Main | SONG: I Need More Quantitative Easin' »
Sunday
Apr072013

The Truth About The Sequester Cuts

Much ado about nothing.  Cut or die, punks.

Excellent clip.  Bloomberg exposes the myths about the so-called sequester cuts.

These are spending caps on future growth NOT spending cuts.

 

---

A Modest Proposal

A SEQUESTER EVERY 6 MONTHS

Seriously, how you can you not LOVE the sequester when the defense industry takes the majority of the hit.  We should have one every 6 months for 5 years or however long it takes until the budget is finally f#$%*&*#king balanced.  Let the miserable hacks in Washington figure out the details, but the basics would be the same every 6 months.

Cut or die, punks.

In 3 years the debt will be $20 trillion.

Slap a normal 5% financing cost and you get $1 trillion in annual interest.

We only collect $2.5 trillion now.

That means interest on the debt will be approximately 40% of total tax receipts.

That's when the real fun will begin.

The U.S. government borrows $3 million per minute.

By the way, I'm still waiting for Keynesian acolytes to point out the supposed 'savage austerity' after 5 straight years of trillion-dollar deficits.

We borrow $50,000 dollars EVERY second from future generataions.

We wouldn't know austerity if it bit us on the nut sack.

 

 

Ron Paul: 'The Sequester Is A Joke, There Are NO Cuts!'

 

 

Happy Sequestration Day

BUY WiLLiaMBaNZai7 FiNe ART PRiNTS

 

Remember when Obama supported the sequester cuts?

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Reader Comments (2)

Apr 9, 2013 at 3:42 AM | Registered CommenterDailyBail
Rand Paul: Sequester Doesn't Cut Enough - Stossel

http://www.youtube.com/watch?v=1mFtdTDisTM
Apr 9, 2013 at 3:43 AM | Registered CommenterDailyBail

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