Sequestration In Pictures Part II

Here's a follow-up to the original Sequestration In Pictures. First, one short piece of text that illustrates the fallacy of obama's overhyped "The sky is falling" screeching about the effects of sequestration. That's followed by a couple of pie charts from the incomparable Michael Ramirez.

White House Report Claims Sequestration Will Affect Federal Department That No Longer Exists

In compliance with The Sequestration Transparency Act of 2012, the Office of Management and Budget sent a detailed report to Congress in September 2012. But there's a small problem with the report: One of the cuts it warns against would affect an agency that no longer exists--and didn't exist when the OMB sent its report to congress.

The first line item on page 121 of the OMB's September 2012 report says that under sequestration the National Drug Intelligence Center would lose $2 million of its $20 million budget ... the problem is that the National Drug Intelligence Center shuttered its doors on June 15, 2012--three months before the OMB issued its report to Congress.

Idiots...

The first pie chart below shows us what a miniscule amount of the overall federal budget the initial arguments were about. When the democrats (proposed budgets cuts: $33 billion of out $3.82 trillion, or 0.86%) and republicans (proposed budgets cuts: $61 billion of out $3.82 trillion, or 1.59%) couldn't agree, obama forced the sequester upon us.

In other words, all this fussing is about a difference of $28 billion out of $3.82 trillion (0.73% of the overall budget).

The second chart is an updated version that shows the relative size of the sequester cuts relative to the overall budget. It also shows how the overall budget, and the corresponding deficit, has grown since 2008, when democrats assumed control of the senate and obama was elected.