The current spending by the federal government for this year is projected to be $3.8 trillion. The terrible looming sequester cuts are slated to be $120 billion this year if Congress does nothing.
This is 3 percent of the total spending for this year. Since the great recession started, the average taxpayer has suffered for more than this 3 percent cut in income.
We would have been happy if 3 percent were the limit of what we have had to adjust to. We have higher health insurance costs, higher gas prices, higher food prices, higher college costs, and on and on. We have had to pay for this with much less than a 3 percent reduction in income.
Yet all we hear is that this 3 percent cut will ruin the economy. The reason for this is that government does what it always does when it faces a loss of money: It cuts the services that affect people the most first. It punishes us for not giving it more money. Governments first cut the front-line services while protecting the faceless, overpaid, lifetime bureaucrats who do nothing but shuffle paper.
Businesses do the exact opposite. When faced with lower revenues, they get rid of waste and expand services to their customers in an attempt to improve.
I would like some government official to explain why a 3 percent cut is so devastating and why the first cuts always punish the taxpayers?