Marathon Pundit: Phill Gramm rips Obama's sequester fear mongering

Former Texas Senator Phil Gramm slams Obama's sequestration scare tactics in the Wall Street Journal today:

President Obama's message could not be clearer: Life as we know it in America will change dramatically on March 1, when automatic cuts are imposed to achieve $85 billion in government-spending reductions. Furloughed government employees, flight delays and criminals set free are among the dire consequences the president has predicted. If the Washington Monument weren't already closed for repairs, no doubt it too would be shut down.

Scare tactics such as these are similar to the ones that were made when I co-authored the first sequester legislation in 1985, the Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act. The 1986 sequester was triggered anyway, but the predicted disaster never came. The nation survived then. It will now.

The president's response to the sequester demonstrates how out of touch he is with the real world of working families. Even after the sequester, the federal government will spend $15 billion more than it did last year, and 30% more than it spent in 2007. Government spending on nondefense discretionary programs will be 19.2% higher and spending on defense will be 13.8% higher than it was in 2007.

For a typical American family that earns less than it did in the year President Obama was elected, the anguished cries and dark predictions coming out of the White House should elicit not sympathy but revulsion.