[ExI] sequestration: was RE: Progress

[Adrian Tymes]

On Fri, Mar 1, 2013 at 1:57 PM, BillK <pharos at gmail.com> wrote:
> Zero Hedge comments savagely -----
> Today is the day when, if one listens to Obama whose idea it was in the
> first place, an unprecedented $85 billion spending cuts will be sequestered,
> unleashing famine, pestilence, the apocalypse and grizzly bears (as all park
> rangers will be dead from starvation). Which is why we applaud the
> administration's desire to preempt this tragic for the nation outcome, by
> issuing, in one day alone: February 28, $80 billion in Treasurys sending
> debt to (obviously) what is a new all time high $16,687,289,180,215.37.
>
> In other words, the entire apocalyptic impact of the sequester for 2013 was
> offset by one day's debt issuance.

Loses all impact when you realize that "one day" is as in "a new
budget can be passed, and the alleged problems fixed, in one
day, especially if that span of time only measures some small
part of the total effort, such as the time it takes to write up and
sign an order that's been agreed to".