Chart of the Day: Spending will still rise substantially with sequester

This chart is a bit old, but in it, Veronique de Rugy shows the difference in spending with and without the sequester. While President Obama and even House Republicans are saying that these spending cuts will hurt the economy, military readiness, and emergency responders, you can see that the sequester ultimately does nothing to cut spending because rates of spending, including defense and domestic spending are still going to rise over the next several years:

sequester spending

The blame game in Washington over the sequester, which only cuts the rate of future spending increases, may be going strong as we approach March 1st, but we’re still going to have deficits and added debt that will be put on the backs of taxpayers.

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