Destructive and Devastating Sequester cost one federal job

Remember the sequester and how it was going to cause destruction and devastation/ destroy America? Well it cost a total of one federal job. From Reason:

As then White House flack and now-CNN Crossfire host Stephanie Cutter defined sequestration last spring, it amounted to a "series of automatic and destructive budgets cuts that you and your neighbors are just beginning to feel."

The horror, the horror: White House tours canceled, military bands not playing, little kids starving, planes dropping from skies (not that they would have had passengers, what with the TSA lines getting infinite due to budget cuts...).

Yeah, no. Not only were those cuts removed through a bipartisan budget deal passed early in 2014, they were hardly draconian to begin with. The cuts slated for last year totaled $44 billion in a $3.5 trillion budget, plus a slightly lower amount for this year and going forward.

Sen Tom Coburn gets it right here:

“Despite relentless warnings about the dire consequences of sequestration’s budget cuts, it appears sequestration resulted in only one layoff.  While that’s good news for federal employees and other workers, it is devastating to the credibility of Washington politicians and administration officials who spent months – and millions of dollars – engaging in a coordinated multi-agency cabinet-level public relations campaign to scare the American people.  Taxpayers expect us to root our predictions in fact, not ideology and spin.  The facts seem to say the experts underestimated sequestration’s impact by between 99,999 and 1,599,999 jobs, according to two frequently-cited estimates by Goldman Sachs and the Congressional Budget Office,”

Print Friendly Version of this pagePrint Get a PDF version of this webpagePDF