Has Budget-Cutting ‘Hysteria’ Reached Its Peak? -- DoD Buzz
If Washington cuts back defense spending, a man might come to your house, ring your doorbell and punch you in the face. Your spouse or significant other might leave you. Packs of radioactive zombies might rise from their graves and rampage through our towns and cities. An asteroid might collide with the Earth and kill all life on this planet. You might not get out onto 95 until almost 5 and then you’d just have to sit there in traffic for hours!
Defense advocates have gotten to the point at which they’ll say almost anything to forestall the dreaded Doomsday Device budget sequestration, or spending cuts of that same magnitude imposed some other way. Secretary Panetta has said that if the full cuts happen, the U.S. unemployment rate could go up a whole percentage point to 10 percent — a clear threat to President Obama, for whom jobs are job one in his reelection bid.
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My Comment: What is my take on the question .... "Has budget-cutting ‘hysteria’ reached its peak?". Hmmmm .... in my opinion .... it is just getting started.
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