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The Great Sequester Ho-Hum

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Tags Taxes and Spending

02/28/2013

Economist and former Texas US Senator Phil Gramm recalls the budget sequesters in today's Wall Street Journal:

The president's response to the sequester demonstrates how out of touch he is with the real world of working families. Even after the sequester, the federal government will spend $15 billion more than it did last year, and 30% more than it spent in 2007. Government spending on nondefense discretionary programs will be 19.2% higher and spending on defense will be 13.8% higher than it was in 2007.

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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