Apparently, they think American voters are as dumb as they are. Trying to make this dilemma bi-partisan is like a kidnapper who is threatening to shoot a hostage if the family of the hostage does not pay a ransom. Then, when the family can't raise the money, the kidnappers agree to give them more time if they promise to raise the money. When the money is raised, the kidnappers shoot the hostage anyway because they didn't like the way the money was raised. This isn't politics, it's treason.
Reductions ranging from 10.0 percent (in 2013) to 8.5 percent (in 2021) in the caps on new discretionary appropriations for defense programs, yielding total outlay savings of $454 billion.
Reductions ranging from 7.8 percent (in 2013) to 5.5 percent (in 2021) in the caps on new discretionary appropriations for non defense programs, resulting in outlay savings of $294 billion.
Reductions ranging from 10.0 percent (in 2013) to 8.5 percent (in 2021) in mandatory budgetary resources for nonexempt defense programs, generating savings of about $0.1 billion.
Reductions of 2.0 percent each year in most Medicare spending because of the application of a special rule that applies to that program, producing savings of $123 billion, and reductions ranging from 7.8 percent (in 2013) to 5.5 percent (in 2021) in mandatory budgetary resources for other nonexempt non defense programs and activities, yielding savings of $47 billion. Thus, savings in non defense mandatory spending would total $170 billion.
About $31 billion in outlays stemming from the reductions in premiums for Part B of Medicare and other changes in spending that would result from the sequestration actions.
An estimated reduction of $169 billion in debt-service costs.
In all, those automatic cuts would produce net budgetary savings of about $1.1 trillion over the 2013–2021 period, CBO estimates.
Ironically, most of the attention is focused on the impact on national defense. Actually, that is the one area where sequestration would not hurt the mission of our military. We would remain unchallenged as the biggest bully on the block. The impact that defense cuts have on the economy is another thing. That is where the real danger lies. The HouseTeaparty Caucus of 51 - give or take a few, aided by a few from the Senate like Mitch McConnell have managed to move the debate from job creation and a weak economy to an irrational preoccupation with the deficit and austerity. Austerity irrational? Ask the Europeans! The teabaggers are threatening to destroy the US economy - and the world's - if we raise taxes on millionaires and cut them for the middle class along with starting the erosion of social security and medicare. Who are the Mad Hatters of the DC Teaparty: This is the most recent list I could find. It has shrunk to 51. Hopefully, it will shrink more but the damage has been done. If your representative is on the list call him! Freshman representatives (as of the 2010 election) are in bold.