First of all, the Sequester cuts are not going to have an earth shattering effect as some politicians would have you believe. The people in Washington, D.C. want to scare people into believing that the world is coming to an end if the Sequester cuts go through. This is pure rubbish.
I heard that poor teachers, firefighters and police officers will lose their jobs. The last time I checked, the Federal government does not pay these people their salaries. I fail to see how these people would be affected at all. It couldn't be that the politicians are lying to the American people, could it? Surely not. No politician would ever lie to the American people.
These politicians have been kicking the can down the road so long that they now think this is standard operating procedure. It would not surprise me if they did it once again. They do not want to cut even a lousy $80,000,000,000, which in the grand scheme of things, ($16,500,000,000,000 debt) is a pimple on an elephant's rear end.
I hope the Sequester cuts go through, because it will be the first real cuts by these politicians. Up until now, they have not cut one red cent. We have to start somewhere folks.
Even if the stock market pulls back as a result of the Sequester cuts going through, this will only be a temporary phenomenon. Once people realize that nothing really happened by the Sequester cuts, the stock market will continue its path of slow growth.
Remember, there is always a disconnect between what you hear from a politician's mouth, what you watch on TV and the reality of what will actually happen.
No comments:
Post a Comment