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| Re: CNN: Obama's approval rating drops 8 points in 1 month (1074072) | |||
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Re: CNN: Obama's approval rating drops 8 points in 1 month |
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Posted by SMAZ on Mon Jun 17 13:25:53 2013, in response to Re: CNN: Obama's approval rating drops 8 points in 1 month, posted by Joe V on Mon Jun 17 12:53:44 2013. ( Sequester cuts only limited increases in spending )That is somewhat accurate. The reason the sequester was felt deeper than it should have was because it got started halfway through the fiscal year. What the sequester does is to have an actual cut the first year, then leave those cuts in place other than very small increases due to population growth and inflation. It's like somebody having a $100 cable bill and cutting it to a cheaper plan at $80 and leaving it there for the next 10 years (other than inflation increases). Over ten years, that family would realize $2400 in inflation-adjusted savings over what their bill would have otherwise been. Of course, if everybody did that, in the first year, cable companies would have to lay people off because of a 20% drop in gross revenue. |
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