President Obama is at it again. Unable to manage the government or the economy effectively, he threatens to victimize taxpayers and stick Republicans with the blame.
It appears likely sequestration will require $85 billion in cuts to defense and non-entitlement government spending.
Unwilling to acknowledge the government has a spending problem — over the last five years, outlays are up $1 trillion and three times the amount required by inflation — and that tax revenues are short because his policies have instigated the weakest recovery since the Great Depression, President Obama is threatening draconian measures if Republicans don’t agree to more taxes.
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