Nonsequitur: Sequestration Success

August 12, 2013

Stephen Moore of the Wall Street Journal reports that the Budget Sequestration has reduced the deficit and controlled the rising cost of government.

According to the Congressional Budget Office, annual outlays peaked at $3.598 trillion in fiscal 2011. After President Obama’s first two years in office, many in Washington expected that number to hit $4 trillion by 2014. Instead, spending fell to $3.537 trillion in fiscal 2012, and is on pace to fall below $3.45 trillion by the end of this fiscal year (Sept. 30). The $150 billion budget decline of 4% is the first time federal expenditures have fallen for two consecutive years since the end of the Korean War.

In other words, it worked.  More details here.

One Response to “Nonsequitur: Sequestration Success”

  1. […] we have 900,000 non-essential federal workers. What did we learn from “Sequestration”? We can make budget cuts, even poorly planned, untargeted cuts, that reduce the deficit without crashing the economy or the […]

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