2/21/2013

Sequester

Sequester

Capitol building public domain

I’m told that the sequester is $85 billion.

The national debt is approximately $16 trillion.

If the national debt growth is reduced by $85 billion, it will have been reduced less than 1 cent for each dollar of debt. $85 billion divided by $16 trillion equals .0053125. In other words… the politicians are saying that reducing the debt growth by .53 of one cent… on each dollar of debt… is impossible.