Daily Adams

Sequester Phobia

Gripping, paralyzing, wholly unfounded fear:

In its latest budget document, the CBO notes that, assuming sequestration happens, there will be a slight dip from 2012 to 2013 in discretionary spending levels.

Then discretionary spending rises every year through 2023. Total federal spending is projected to rise from $3.5 trillion in 2012 to $5.9 trillion in 2023.

Good luck matching that sort of austerity in your salary gains over the next decade.

Via Reason.

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