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Is Impact of Sequestration Cuts as Dire as Lawmakers Claimed?

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  • Description

    FBN’s Gerri Willis on the impact of sequestration cuts.

  • Duration 3:33
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This transcript is automatically generated

Deep concern.

That's what President Obama said yesterday about his feelings on the automatic federal spending cuts that started taking place Friday.

He said quote we are going to manage it as best we can try to minimize the impacts on American families the president told this to reporters on Monday.

When he was meeting with -- can't -- The president's opposition to the 85 billion in spending cuts is well known and oh by the way it's really only 44 billion according to the Congressional Budget Office.

At turns -- president's called sequester draconian.

And drastic.

Not that drastic.

Not as bad as all that.

For example layoffs may be in the offing but right now guess what the government advertising for workers.

-- US Forest Service is advertising for recreation -- this summer while the Internal Revenue Service advertised for an office secretary in Maryland.

The US -- wants a higher twig or people to help press coins.

And the Agriculture Department says it needs three insect production workers whenever that is to help grow -- worms and Phoenix sound scary.

All of all on Monday alone the first week -- these shocking cuts took place.

The government advertised 400 new jobs by 6 PM 400.

-- just can't be that bad Uncle Sam still wants to hire 24 people depressed points.

Then there's this during February the month of the -- -- for -- over sequestration.

Our federal debt rose by 253.

And half billion dollars.

That's right.

So our government was borrowing at a rate 44 times the pew -- cuts we were talking about through sequestration.

And don't worry about the government going hungry -- the federal government is on pace to collect a record two point seven billion in tax receipts this year.

That 11% higher than last year.

It's not just the hiring a tax collections that continue its of course the way -- to.

The USDA is planning to conferences in Oregon and California and the coming weeks.

Featuring guest chefs and wine for department employees.

Today.

And then there that there are the duplicated programs in the reams of poverty programs the federal government runs.

33 different housing programs to anyone programs provide food eight health care programs 27 -- -- general assistance program.

You -- it's really hard to find a government department that doesn't run an anti poverty program.

And that's just scratching the surface according to senator Tom Coburn there are nearly 14100 programs that duplicate others.

For a total of get this 364.

-- half billion dollars in wasteful spending.

-- -- -- -- It's time we stop spending so much may -- time the government stopped producing cooking shows and setting how fishing you democracy.

Maybe it's time to get the shrimp off the treadmill.

Remember this guy we spent half million dollars studying this -- help.

The president said he's worried about cuts hitting regular Americans I think he just wants to keep government growing and growing.

And growing and growing you get the point.

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