Thu, Aug 28, 2014, 11:28 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

The Boeing Company Message Board

  • mediocreclassguy mediocreclassguy Feb 27, 2013 9:23 AM Flag

    The White House Court Jesters of Sequester

     

    Traffic alert: There's a massive clown car pileup in the Beltway. And with the White House court jesters of sequester behind the wheel, no one is safe. Fiscal sanity, of course, is the ultimate victim.

    President Obama has been warning America that if Congress allows mandatory spending "cuts" of a piddly-widdly 2 percent to go into effect this week, the sky will fall. The manufactured crisis of "sequestration" was Obama's idea in the first place.

    But that hasn't stopped the Chicken Little in Chief from surrounding himself with every last teacher, senior citizen and emergency responder who will be catastrophically victimized by hardhearted Republicans. Curses on those meanie Republicans! How dare they acquiesce to the very plan for "cuts" -- or rather, negligible reductions in the explosive rate of federal spending growth -- that Obama himself hatched?

    How low will the kick-the-can Democrats go? Among the ridiculous claims the administration is making: The National Drug Intelligence Center will lose $2 million from its $20 million budget. That scary factoid appears in an ominous Office of Management and Budget report purporting to calculate the Sequester Disaster. So lock the doors and hide the children, right?

    Wrong. As Reason magazine's Mike Riggs points out, the NDIC shut down in June 2012, and some of its responsibilities were absorbed by the Drug Enforcement Administration.

    Ready for more reckless, feckless farce? Department of Homeland Security Secretary Janet Napolitano played Henny Penny during a panicked speech at the Brookings Institution Tuesday. She warned that her agency's "core critical mission areas" would be undermined by the sequester. To cynically underscore the point, "waves" of illegal aliens were released this week from at least three detention centers in Texas, Florida and Louisiana, according to the Fort Worth Star Telegram.
    MM

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
BA
127.11-1.09(-0.85%)Aug 28 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.