The sequester would restrain the federal budget mildly over the next ten years by approximately $1 trillion. That’s only $100 billion annually compared to an approximate $3 trillion annual expenditure.
It would impact the current fiscal year, which ends on Sept. 30, by an $85 billion expense reduction, which would function as an actual cut in the first year.
Because the portion of the budget that’s discretionary is about $1.2 trillion yearly, the $85 billion in fiscal 2013 is about a 6.8 percent reduction which isn’t so large considering the severe expenditure problems of the federal government.
With all the scenarios painted by politicians, they haven’t even proposed a zero-percent increase for future years. Is that too hard to accomplish?
Alberto Vega, Miami