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Mar 07

Smokescreens & What’s Next for Spending

The President is using sequester as a smokescreen. There are real consequences of Obamanomics. He knows his tax increases are hurting the economy, so he’s trying to blame the sequester for any problems coming down the line. In reality, sequester only slows the overall growth of government spending. Last year, the federal government spent at a rate of $405 million an hour or $6.7 million per minute. A recent Pew poll shows 3 out of 4 Americans want real cuts to spending, not more tax increases. 

Seven days into the supposedly doomsday period, Senator Toomey will talk about the President’s fear campaign over a 2.4% reduction in federal spending, what to expect in coming spending battles with the Continuing Resolution (CR), and what people should really fear about Washington spending.

Following the Senator, former OPM Director Don Devine will answer questions about how a sequester unfolds inside an agency, what flexibility really exists for budget and personnel management, and what they see as ramifications from the $85 billion Sequester and how the President’s “sky is falling” rhetoric will affect the debate going forward.

More About the Speakers

The Honorable Pat Toomey (R-PA)
United States Senator 

With commentary from
The Honorable Donald J. Devine
Former Director, U.S. Office of Personnel Management (1981-1985)

Hosted By

Edwin J. Feulner, Ph.D. Edwin J. Feulner, Ph.D.

Founder, Chairman of the Asian Studies Center, and Chung Ju-yung Fellow Read More