https://pjmedia.com/tatler/2013/02/28/heres-to-austerity-last-day-until-sequestration/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 06:13:51 -0400<![CDATA[Well, here&#8217;s to &#8220;austerity.&#8221;  Although, I wish the cuts to government spending were significant. The CBO reported that the actual sequestration cuts amount to about $44 billion dollars, which is 1-2% of total federal spending.  It&#8217;s a drop in the bucket.  However, according to President Obama, these cuts will layoff teachers, cause planes to fall from the sky, and &#8220;set back medical science for a generation.&#8221;  So, what equates to a rounding error in budgeting analysis spells certain doom for America&#8217;s economic health?]]>Thu, 28 Feb 2013 11:34:05 -0500<![CDATA[Matt Vespa]]>https://pjmedia.com/matt-vespa/archived/tatler/2013/02/28/heres-to-austerity-last-day-until-sequestration-n176990