By Rich Lowry
The Hendricks County Flyer
Tue Feb 26, 2013, 04:43 PM EST
Prepare for the end of food safety as we have known it. For a breakdown in public order. For little children languishing in ignorance. If only Edward Gibbon were here to chronicle the devastation. On March 1, the fabric of our civilization begins to unwind.
That's when the economy begins to stall and we turn our back on our values, all because the federal government will have to begin to cut a few tens of billions of dollars from the largest budget the world has ever known.
This is the lurid fairy tale spun by President Barack Obama. In the fight over the sequester, he is resorting to the tried-and-true (and tiresome) strategy of every official confronted with unwelcome budget cuts, from the commander in chief to a lowly bureaucrat toiling at some school district: maximize the scaremongering and pain.
In Hans Christian Andersen terms, Obama is the princess and the sequester is the pea. Over the next 10 years, the sequester amounts to a $1.16 trillion cut, or roughly 3 cents on every federal dollar. If we can't squeeze a couple of pennies out of every dollar, we might as well begin our great national bankruptcy proceedings right now.
This year we are supposed to cut $85 billion from a $3.5 trillion budget. And it won't even be that much. According to the Congressional Budget Office, the federal government won't be able to cut the full $85 billion. It will manage to cut only about half that in 2013.
As Yuval Levin of the journal National Affairs points out, even with the sequester, the federal government will spend a little more in 2013 than in 2012, $3.553 trillion compared with $3.538 trillion. Welcome to the Age of Austerity.
Even with the sequester, nondefense discretionary spending will still be up almost 10 percent since 2008. Even with the sequester, federal spending is projected to be a robust 22.8 percent of gross domestic product in 2023. Even with the sequester, the debt will hit 100 percent of GDP just two years later than it would otherwise, according to the Bipartisan Policy Center.
March 3, 2014
February 27, 2014
February 26, 2014
There was a wide array of reactions to Seattle DB Richard Sherman’s post-game “interview” with Erin Andrews following the Seahawks’ NFC title win over San Francisco.
Mine? Laughter, as the shout-down was the most entertaining thing I saw all day.
January 28, 2014
Butler is still a long way from saving its 2013-14 men’s basketball season, but if the Bulldogs turn it around fully and reach the NCAA Tournament, it will have started this past Saturday at Hinkle Fieldhouse.
January 21, 2014
A fine season for the Indianapolis Colts ended with a whimper Saturday at New England, but in recent team history, it was far from the most disappointing postseason defeat.
January 14, 2014
The Indianapolis Colts’ miraculous 45-44 wild card victory over Kansas City on Saturday ended just after 8 p.m. After leaving Lucas Oil Stadium, it took until around midnight for the pounding in my head to subside.
January 7, 2014
December 31, 2013
An NPR broadcast examines the question of how communities can better prepare for tornadoes like the one that struck Moore, Okla. on Monday. The broadcast features commentary from Michael Fitzgerald, who reported a five-part disaster series for the CNHI News Service.
May 22, 2013
Part I: Are We Prepared? | Part II: Disaster Dollars Part III: Lessons Learned | Part IV: Warning Signs Part V: The Big One
Smartphones need kill switches. It's a relatively easy solution to the pricey (and irritating) problem of smartphone theft. But who would have thought that the big carriers would team up with Apple, Google, Microsoft, Nokia, Samsung and lots of other manufacturers to voluntarily begin adding the technology by July 2015? The cooperative spirit! It makes so much sense!
April 18, 2014
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