“While the sequester is an imperfect mechanism to reduce spending, as the brunt of the cuts falls disproportionally on defense, it only amounts to a 2.5 percent reduction in spending over 10 years. This hardly lives up to the President’s warnings that the cuts would be “harmful” to the economy and would decimate government services. As you can see, the U.S. has a long way to go to rein in its growing spending.”
http://blog.heritage.org/2013/12/27/money-pictures-top-5-charts-2013/
Did you notice that the sequester and the government shut down actually helped the third quarter?
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1 comment:
it was just a clostly temper tantrum by the tea party
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