It should be asked in the wake of the “successful” fiscal-cliff negotiations, “Why does the U.S. debt ceiling need to be raised again; why, during fiscal-cliff negotiations, didn’t Congress simply raise taxes to pay for all planned spending?”
There are 57 ways the sequester could sting you, says Jeanne Sahadi, a senior writer at CNNMoney. The following 57 things are her “somewhat random sampling” of the bad things that could happen when the sequester takes effect. But because I see most of these things instead as good things about the sequester, I have added my comments after the bullet points in her 14 categories.
President Obama, on whose watch the federal debt has grown by more than $5.9 trillion, and during whose administration America has become drearily accustomed to annual deficits measured in the trillions, is now boasting about cutting the deficit.