A week from now, a dramatic new federal policy is set to go into effect that threatens U.S. national security, thousands of jobs and more.And then along comes GOP spokesman George Will to totally harsh Boehner's buzz.
Even during this desultory economic recovery, one industry thrives — the manufacture of synthetic hysteria. It is, however, inaccurate to accuse the Hysteric in Chief of crying “Wolf!” about spending cuts under the sequester. He is actually crying “Hamster!”I guess that it should come as no surprise that since Will is paid to be a writer, he is going to outpace Boehner in the use of analogy. But the title the WP editors gave him says it all: "The manufactured crisis of sequester."
And just when the Speaker was getting his whiplash groove on going from "I got 98% of what I wanted" to "Obamaquester," along come folks like Bill Wilson at Forbes to blow it all up.
But the current debate over sequester – an across-the-board $85 billion reduction of budget authority which translates into just a $53.8 billion cut to outlays this fiscal year ending September 30 – is notable for both its unfounded hysteria as well as a surprising role reversal...One could perhaps imagine that someone like Speaker Boehner didn't think this one through very well. But whatever the cause, the thing we must never do is accuse folks like this of consistency.
In other words this isn’t even really a cut – “devastating” or otherwise – it’s a modest growth rate reduction following years of unnecessary, embarrassing and unsustainable excesses.