It would be funny, if the debt wasn’t so serious, watching all the hand-wringing going on, on both sides of the aisle and in the media, over the impending ‘cuts’ that are planned in the sequestration legislation. The legislation gymnastics that was cooked up in The White House.
What’s funny about it all is that there are no cuts whatsoever involved. The gymnastics and linguistics of it all is that, in their mind (media included), a cut is equal to increasing the debt by 7 trillion dollars instead of 10 trillion dollars. Give or take a trillion.
In reality, and by those standards, if the government spent the same amount for each of the next 10 years as they will spend this year, they would call that a 10 trillion-dollar cut.
All of it is smoke and mirrors to put the real work, saving Social Security, Medicare, and Medicaid, on the back burner. Kind of like putting their head in the sand.