It’s just 3 cents on the dollar

As recently printed in The Bulletin, National Review editor Rich Lowry has cut through the media hysteria surrounding the budget sequester.

“Over the next 10 years, the sequester amounts to a $1.6 trillion cut, or roughly 3 cents on every federal dollar.” That’s out of “the biggest budget the world has ever known.”

That’s right, 3 cents. Three percent. Three centavos. Three pence. Three whatevers.

I guess if it’s not Armageddon, the media must make it so.

So sleep soundly. You will awaken to sunshine, birds singing and the fools in Washington groping in the dark and the media all atwitter over the next trumped-up crisis.

Pete Stoefen


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