budget

I am once again surprised at my own surprise at our federal government. On the news every day we face the “sequester”. That is the terrible thing that is due to happen in two weeks where we cut the federal budget by 85 billion dollars. First of all, that will bring this year’s budget down from 3,800 billion to 3,715 billion. If we want to avoid that’ just eliminate one month of stimulus three, which we are now in the middle of, as we print up 85 billion dollars per month, to buy mortgage backed securities and government bonds. The “sequester” is a manufactured crisis being used by both political parties to bad mouth the other side. It also gives the 24 hour news people a reason to drum up ratings, and they will continue to play that to the hilt.