February 26, 2013

Sequestration by the numbers - only 2.3¢ on every dollar saved

By Correctamundo  

Here's the facts, backed up by more facts, and linked to other facts. The fact is, the facts are the facts. Hat tip: GOP.com.


In Fiscal Year 2013, The Cuts That Result From Sequestration – $85 Billion – Would Equate To A 2.3 Percent Cut To The Federal Government’s Overall Budget, Or 2.3 Cents On Every Dollar That The Government Spends This Year. (Doug Elmendorf, “Looming Policy Decisions May Have A Substantial Effect On The Budget Outlook,”Congressional Budget Office, 2/6/13; “The Budget And Economic Outlook: Fiscal Years 2013 To 2023,”Congressional Budget Office, 2/5/13)

$85 BILLION IS NEGLIGIBLE COMPARED TO OBAMA’S DISASTROUS FISCAL RECORD

0.5%:
Size Of Sequestration Relative To Current National Debt ($16,608,318,357,376.54 ). (U.S. Treasury Department, Accessed 2/25/13)
2:
Years That Allowing Sequestration To Take Place Would Delay Federal Debt Reaching 100% Of GDP. (Bipartisan Policy Center, 6/8/12)
3.3%:
Size Of Sequestration Relative To True Cost Of ObamaCare Once Fully Implemented ($2,600,000,000,000). (Office Of The Speaker Of The U.S. House Of Representatives, Report, 1/6/11)
4.9%:
Size Of Sequestration Relative To Annual Cost Of Federal Regulations ($1,752,000,000,000). (Small Business Administration, September 2010)
5.7%:
Size Of Sequestration Relative To What Obama Has Added To The National Debt Every Year ($1,495,360,327,115.87). (U.S. Treasury Department, Accessed 2/25/13)
6%:
Amount By Which Allowing Sequestration To Go Through Would Decrease The FY2013 Deficit. (CBO, 2/5/13)
6%:
Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 11/7/11)
6.5%:
Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2011 – Second Highest In U.S. History. (CBO, 11/7/11)
6.6%:
Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2010 – Third Highest In U.S. History. (CBO, 11/7/11)
7.8%:
Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2012 – Fourth Highest In U.S. History. (CBO, 2/5/13)
10.1%:
Size Of Sequestration Relative To Obama’s Projected Federal Budget Deficit For FY 2013 – Fifth Highest In U.S. History. (CBO, 2/5/13)
10.2%:
Size Of Sequestration Relative To Total Price Tag Of Obama’s First Failed Stimulus ($830 Billion). (CBO, 2/21/13)
16.4%:
Size Of Sequestration Relative To Amount Of Regulatory Burden Since Obama Took Office ($518,000,000,000). (American Action Forum, 1/14/13)
18%:
Size Of Sequestration Relative To The Projected Cost Of The Gross Interest On The U.S. Debt In 2013 ($400,900,000,000). (Office Of Management And Budget, 2/25/13)
27%:
Size Of Sequestration Relative To U.S. Trade Deficit With China In 2012 ($315,053,500,000). (U.S. Census Bureau, Accessed 2/25/13)



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