Friday, October 19, 2012
Isn't it a shame ...
… we can no longer believe anything our government tells us?
We’ve been hearing about Defense Sequestration for several months now. No one is quite sure exactly what it is, or what it means, or even its consequences. To understand this, we have to begin with the Budget Control Act of 2011. This federal statute was necessary to bring to a conclusion the US Debt Ceiling Crisis of 2011, which had threatened to lead the US into sovereign default by 3 August 2011.
Mr. Obama signed the act on 2 August 2011.
BCA provides several complex mechanisms to help slow deficit spending by the federal budget. They are complex because no one in Congress wants us to figure out how worthless these people are. If anyone demanded a single example of congressional ineptitude, it would have to be the Joint Select Committee on Deficit Reductions. The only words we can use to describe the Super-Committee are, “utter failure.”
Now because the Super-Committee didn't work, Congress intends to cancel defense contracts. This means, cutting back on defense armaments, and terminating the employment of people who work for defense industries.
We can only shake our heads when we realize that the Budget Control Act doesn’t actually reduce federal debt; it only slows down the existing rate of debt growth. This is because the Budget Control Act doesn’t actually reduce federal spending in absolute terms; it only reduces the rate of spending increases.
Instead of spending 25% more next year than last, the federal government may only spend … say, 10% more. In spite of this, the Congressional Budget Office still projects US debt to grow faster than the US economy —most of this is due to the “cost curve” of Obama Care, which the Budget Control Act does not address.
The bottom line is that Americans employed in the Defense Industries will lose their jobs —after the New Year. At Lockheed Martin alone, 123,000 people are at risk to lose their jobs due to “Defense Sequestration.”
Enter Mr. Sneaky Man: Barack Hussein Obama.
If Lockheed (or any other major defense industry) intends to lay off employees on 2 January 2013, federal law requires affected companies notify their at risk employees sixty days in advance of projected termination dates. That would be 2 November 2012 … four days in advance of the general election. Mr. Obama doesn't want these people notified in advance of his bid for reelection.
So Mr. Obama contacted Lockheed and told them not to issue layoff notices, even though federal law requires it. Obama promised to pay all fines and penalties —with taxpayer money. Yes, it’s true: reelection is that important to Barack Hussein Obama.
But we aren’t done yet. According to The Hill, Senator Lindsey Graham (R-SC) has threatened to block the Obama administration from reimbursing defense contractors for severance costs.
Right now, though, it looks as if Mr. Obama will get his way. Defense employees will lose their jobs on 2 January, but without the compliance of defense contractors to notify their employees. House Armed Services Chairman Buck McKeon (R-CA) called Obama’s tactic politically motivated and illegal … but as with Eric Holder and most other cabinet officials, Mr. Obama doesn't care what lawmakers think. Or “we the people,” either.
By the way, we aren't just talking about 123,000 Lockheed Martin employees.
According to the Aerospace Industries Association, as many as 956,181 small business jobs nationwide are among those at risk under the Defense Sequestration provision of the Budget Control Act of 2011.
Isn’t it amazing how Mr. Sneaky Man can find clever ways to secure reelection, but is unable to find ways to make America prosperous again?
American government is getting worse by the day.
Posted by Mustang at 5:46 AM