Sequestration

For the current fiscal year, our Federal government is going to spend $3.565 trillion.  Trouble is that the Federal government is only going to take in something like $2.3 trillion.  So, our nation will have another trillion dollar deficit plus for the current fiscal year.  Now, where am I going with this since it  is not nothing new?  The answer is "sequestration."  The debate going on now between the Administration and Congress is how do we cut $85 billion from the current projected spending of $3.565 trillion.  Yes, that is only $85 billion, or 2.3%.  Are you telling us that all this debate is over trying to cut 2.3% from this year's budget?  Yes, that is correct.  However, to be more specific, the Obama Administration, which by the way put forth and approved the "sequestration plan," stated that the $85 billion cut could only be from discretionary spending, not the mandatory spending.  Since discretionary spending amounts to 35% of government spending, the true percentage of cuts amounts to approximately 7%.  But, I have a real problem with our government who can not find $85 billion of cuts when it comes to spending $3.565 trillion.  Just with all the fraud and waste that goes on within Washington, that amount should be easy to find.  So give us all break, Administration and Congress, and do your job. You put us into this mess, now fix it! Trouble is, I really don't believe that they will fix it, which will cause our economy will spiral out of control.