For the looming sequester cuts, the Republican and Democratic leaders sent lawmakers home armed with fact sheets about the $85 billion in across-the-board federal spending cuts due to start March 1, 2013.
The sequester cuts are projected cuts for the future budget expenditures of $3.803 trillion as requested by President Barack Obama. If you do the simple math and divide $3.803 trillion ($3,803 billion) into $85 billion and multiply that number by 100, the answer is 2.235 percent in cuts.
Didn't every working person just have an increase of 2 percent taken from their pay starting in January 2013? So with gasoline and heating fuel rising over 15 percent since the beginning of January, I believe family budgets have been cut by more then the federal government is proposing to cut its budget. Plus, Gov. Martin O'Malley wants us to pay even more state taxes!
So what is all the crying about with this sequester cut? Shouldn't the federal government share in the budget pain we all have to live with?
Ralph Wheeler, ReisterstownCopyright © 2015, CT Now