Thursday, August 24, 2017

Tales Prescient In Devastating Effects of Super Committee's Sequestration Solution in 2011

In August of 2011, the Tales published a post, "There Are Two Possible Outcomes of the Super Committee-Both of Them Bad".  It was this committee that established the "sequestration trigger" which is still hurting our country today with devastating military cuts, and the inability to fund the military to level it needs to be for our national security. The motive of sequestration, in the Budget Act of 2011, was a good one, to limit the size of the federal budget.  But the way they set up sequestration was very bad as I state in the post below. 

I hate when people play the "I told you so" card, but this was so obvious what would happen, that even an economic neophyte like "the Tales", i.e., me, could predict what would happen. At that time in 2011, the Tales was one of the first, if not the first, blog to publish those devastating effects on our military that were about to occur because of sequestration. 

Quoting from, "There Are Two Possible Outcomes of the Super Committe-Both of Them Bad" published on August 1, 2011:

"There are two possible outcomes of the 12 member [6 from house and 6 from senate] committee that will decide the other 1.4 trillion in cuts later in the year. 

One outcome:  Either the committee can't come together and agree to the cuts, or they do agree to cuts but they are voted down in congress. In those scenarios, an automatic trigger occurs [called sequestration]. It will cut from defense and entitlements and social programs.  In the cuts to the entitlements, their is a proviso that says no cuts can come from the recipients of those programs. [like medicare patients, social security recipients, food stamp beneficiaries, etc.]. That means those cuts must come from doctors and hospitals.  

In the case of the defense cuts, which are reported to be 50% of the cuts to be made, there is no proviso about not making cuts that would harm our national security.  

Now here is the statement I heard this morning that has turned me against this bill.  Ambassador John Bolton, who I trust as much as anyone else on the issues of foreign policy and defense, made this statement on the Fox News Channel. He said if the triggers go into effect "it will cut nearly a half trillion dollars out of the defense department over the next 10 years. That would be devastating to the national security of the United States of America."

On that statement alone, how can any conservative American support this bill?  

Second outcome:  Is there anyone out there who thinks every Democrat member on the commission won't call for tax increases on individuals and businesses. Okay, I don't see any hands raised. The Republicans will then have two options. To go along with the tax increases or gridlock the commission, which will insure the [sequestration] trigger goes into effect.

So, the two possible outcomes: tax increases or devastating cuts to the defense of this country.

I guarantee, if either the commission comes out with tax cuts and it is voted down by congress, or the commission is deadlocked, the Republicans will be the ones who get all the blame.  Our demagogue in chief will say, because the Republicans were unreasonable and unwilling to compromise, we now have medicare cuts [to doctors and hospitals] and defense cuts. I can almost here him now telling our troops: 'I don't know if I can guarantee your payments on time'.   I know that's a stretch, but it is just to remind you of  how this president operates, i.e.,demagogues. 

If this super committee deal goes through, the only ones under pressure will be the GOP members of the committee. The Democrats will call for tax hikes [that's what they want] and will force the GOP to go along or have the risk of sequestration taking place [with the devastating military cuts].  Those cuts won't be a deterrent to the liberals on the committee, they will be welcomed.  And with the proviso that no cuts on the social programs can come  from the recipients of those programs [like those getting food stamps], the liberals won't be deterred by that either.

So, I  am now hoping this deal goes down in flames.   My solution, would be to extend the debt limit immediately for one week to correct this bill.   Then make sure, I will leave it up to the experts for the language, for a proviso, like they have in the medicare cuts to be applied to the defense cuts.  They must somehow have language in the trigger that guarantees there will be no cuts to the defense department that will be harmful to our national security.    I don't know how they can word that, but then again I'm not the one who put the defense of our county up for cuts in the first place. If they don't change the wording of this deal, I say no patriotic conservative should vote for this so-called compromise."

The Tales knew way back in 2011 that there never should have been a sequestration trigger in the first place.  Now in 2017, as we see how the sequestration trigger is still hurting us in this dangerous national security time, can congress put an end to it once and for all-at least as it applies to the military.

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