Sequestration By The Numbers – Just Two Cents

Just Two Cents

In Fiscal Year 2013, The Cuts That Result From Sequestration – $85 Billion – Would Equate To A 2.3 Percent Cut To The

(Image Credit: Cato@Liberty)

(Image Credit: Cato@Liberty)

Federal Government’s Overall Budget, Or 2.3 Cents On Every Dollar That The Government Spends This Year. (Doug Elmendorf, “Looming Policy Decisions May Have A Substantial Effect On The Budget Outlook,” Congressional Budget Office, 2/6/13; “The Budget And Economic Outlook: Fiscal Years 2013 To 2023,” Congressional Budget Office, 2/5/13)

 

$85 BILLION IS NEGLIGIBLE COMPARED TO OBAMA’S DISASTROUS FISCAL RECORD

0.5%:

Size Of Sequestration Relative To Current National Debt ($16,608,318,357,376.54). (U.S. Treasury Department, Accessed 2/25/13)

2:

Years That Allowing Sequestration To Take Place Would Delay Federal Debt Reaching 100% Of GDP. (Bipartisan Policy Center, 6/8/12)

3.3%:

Size Of Sequestration Relative To True Cost Of ObamaCare Once Fully Implemented ($2,600,000,000,000). (Office Of The Speaker Of The U.S. House Of Representatives, Report, 1/6/11)

4.9%:

Size Of Sequestration Relative To Annual Cost Of Federal Regulations ($1,752,000,000,000). (Small Business Administration, September 2010)

5.7%:

Size Of Sequestration Relative To What Obama Has Added To The National Debt Every Year ($1,495,360,327,115.87). (U.S. Treasury Department, Accessed 2/25/13)

6%:

Amount By Which Allowing Sequestration To Go Through Would Decrease The FY2013 Deficit. (CBO, 2/5/13)

6%:

Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 11/7/11)

6.5%:

Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2011 – Second Highest In U.S. History.  (CBO, 11/7/11)

6.6%:

Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2010 – Third Highest In U.S. History.  (CBO, 11/7/11)

7.8%:

Size Of Sequestration Relative To Obama’s Federal Budget Deficit For FY2012 – Fourth Highest In U.S. History. (CBO, 2/5/13)

10.1%:

Size Of Sequestration Relative To Obama’s Projected Federal Budget Deficit For FY 2013 – Fifth Highest In U.S. History. (CBO, 2/5/13)

10.2%:

Size Of Sequestration Relative To Total Price Tag Of Obama’s First Failed Stimulus ($830 Billion). (CBO, 2/21/13)

16.4%:

Size Of Sequestration Relative To Amount Of Regulatory Burden Since Obama Took Office ($518,000,000,000). (American Action Forum, 1/14/13)

18%:

Size Of Sequestration Relative To The Projected Cost Of The Gross Interest On The U.S. Debt In 2013 ($400,900,000,000). (Office Of Management And Budget, 2/25/13)

27%:

Size Of Sequestration Relative To U.S. Trade Deficit With China In 2012 ($315,053,500,000). (U.S. Census Bureau, Accessed 2/25/13)

PDF Version

About the Author

Politisite delivers the latest Breaking Political News, Debate Coverage, Election Results, Commentary and Analysis. We provide in-depth news with special reports and interactive political coverage. Politisite was a pioneer in internet political news gathering and dissemination. Politisite came live in early 1998 and become the first internet only news source to cover local, state, and national political campaigns, debates and elections. Before there were the terms Blog, Blogger, New Media, or Crowd-sourcing, Politisite was developing what has become the standard in political news coverage, long before most political sites were even conceived. The Name ‘Politisite” simply means Political Website.

Author Archive Page