Democrat sequester plan adds billions to deficit

The whole point of the sequester is to, you know, cut spending so that we can avert national bankrupcty just a tad longer. The sequester was the Democrat’s idea but now they claim it will result in the end of life as we know it. So what do they propose to replace it with? That’s easy. How about a plan that increases taxes, increases spending even more, and adds billions to the deficit:

The sequester replacement bill proposed by Senate Democrats, and endorsed by the White House, would add $7.2 billion to the federal deficit over ten years, according to the nonpartisan Congressional Budget Office (CBO).

“CBO estimates that S. 388 would increase direct spending by $62.4 billion and revenues by $55.1 billion over the 2013–2023 period. Thus, the cumulative deficit would increase by $7.2 billion from those changes,” CBO wrote in a report.

 

 

 

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