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Washington Exempts Itself From Obamacare, Airport “Sequester” Delays

zerohedge.com / By Tyler Durden / 04/25/2013 11:24

The uncomfortable effects of government actions are being felt everywhere.

Obamacare concerns are, anecdotally, delaying hiring, causing firms to change benefits for the people, and increasing taxes on the great majority.

On the other hand, in the context of the “sequester”, which is merely a slowdown [...]

The Cost of Exiting a War

wealthwire.com / by Brianna Panzica / Tuesday, March 26th, 2013

An inability to avoid the sequester has called the government to think long and hard about how to reduce spending in a number of areas.

One of these is defense spending. Of course, wars are expensive to get into, but leaving a war-scene certainly [...]

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

endoftheamericandream.com / By Michael Snyder / March 24th, 2013

Is there anyone better at wasting money then the U.S. government? Despite the sequester and all of the talk about “deep cutbacks”, the federal government continues to waste money in some of the most outrageous ways imaginable. For example, does the U.S. government really [...]

‘I fought the banks and got 75% of my mortgage cancelled’

dailyreckoning.com.au / By Nick Hubble / March 12th, 2013

The Daily Reckoning team is back in the office after spending Labour Day doing something other than labour.

The markets went quiet again last week after the sudden jump in volatility surprised everyone in the weeks before. For a while, the Euro crisis featured in [...]

11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration

endoftheamericandream.com / By Michael Snyder / March 10th, 2013

Why does it seem like Barack Obama has been doing everything that he can to sabotage our border security and promote more illegal immigration? The number one responsibility of the president of the United States is to defend our nation, and yet Obama stubbornly refuses [...]

On Closing the White House

brucekrasting.com / By Bruce Krasting / March 9, 2013

So the White House is closing its doors to the public today. Budget cuts related to the sequester are the blame.

The WH tours are closed after a decision by the Secret Service that it could not afford to maintain security. The savings [...]

Impeachment Is For Breakfast, Lunch And Dinner

market-ticker.org / By Karl Denninger / March 6, 2013, 12:28

What do you call intentionally screwing the American public?

I call it grounds for impeachment, because it is.

In the internal email, Animal and Plant Health Inspection Service official Charles Brown said he asked if he could try to spread [...]

Three Unorthodox Views

marctomarket.com / By Marc Chandler / March 6, 2013

In separate pieces we have sketched three views that are outside the consensus. We thought it would be helpful to pull them together into one note.

1. Resilience of the US economy: Many fear that the end of the payroll savings tax holiday and the [...]

Janet Napolitano Dazed And Confused About What Sequester Really Means

zerohedge.com / By Tyler Durden / 03/05/2013 20:44

In the face of Janet Napolitano’s terrifying claims that major airports were already seeing lines “150 to 200 percent as long as we would normally expect” as a result of the budget-crushing sequestration cuts that went into force on Friday, The Telegraph reports that, [...]

The Dead Philosopher Society

dailyreckoning.com.au / By Bill Bonner / March 5th, 2013

The sequester has struck. The politicians came upon the can they had kicked down the road in 2011. Rather than kick it again, Congress decided to ignore it.

And nobody really gave a damn. The Dow rose 35 points on Friday, the first day of [...]

The Sequester: True or Not True?

dailyreckoning.com.au / By Eric J. Fry / March 5th, 2013

Let’s play a little game of ‘True/Not true’. We ask the question and you answer, ‘True’ or, ‘Not true.’

1) Two police officers in Colorado lost their jobs and face felony charges for shooting an elk. 2) Two police in Washington State lost their jobs [...]

$253.5B—Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year

cnsnews.com / By Terence P. Jeffrey / March 4, 2013

During the month of February–as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in–the federal government’s debt climbed by $253.5 billion.

That one-month increase in the debt was nearly six times [...]

True?…or Not True?

dailyreckoning.com / By Eric Fry / 03/04/13

Let’s play a little game of “True/Not true.” We ask the question and you answer, “True” or, “Not true.”

1) Two police officers in Colorado lost their jobs and face felony charges for shooting an elk. 2) Two police in Washington State lost their jobs and face felony [...]

Viva Sequester!

dailyreckoning.com.au / By Bill Bonner / March 4, 2013

America missed an asteroid. It dodged a depression. It sidestepped the Mayans’ ‘end of the world’ curse. But the ‘sequester’ strikes Planet America.

The Dow was heading for an all-time high based on two rationales.

First, housing seems to be in a real recovery. Here in [...]

The Great Backpedal: The World Has NOT Come To An End

testosteronepit.com / By Wolf Richter / March 3, 2013, 1:45PM

Now that the “sequester” is in effect, horrid budget cuts will befall the US economy and tear it to smithereens. It would be the end of the world as we know it. 750,000 people would suddenly lose their jobs, planes would stop [...]

Gold Daily and Silver Weekly Charts – Sequester Will Harm Effectiveness of the CFTC

jessescrossroadscafe.blogspot.com / By Jesse / March 1, 2013

CFTC Chairman Gensler noted on financial television that the sequester will make the enforcement efforts of his agency in policing the markets harder, and it will be more difficult to ‘stop the bad guys on Wall Street.’

Isn’t he the one that just went [...]

There Goes The Sequester

zerohedge.com / by Tyler Durden / 03/01/2013 15:37 -0500

Today is the day when, if one listens to Obama whose idea it was in the first place, an unprecedented $85 billion spending cuts will be sequestered, unleashing famine, pestilence, the apocalypse and grizzly bears (as all park rangers will be dead from [...]

Happy Sequester Day!

wealthwire.com / by Brianna Panzica / Friday, March 1st, 2013

It’s sequester day.

That means at midnight tonight, $85 billion in budget cuts will go into effect. It’s the kind of daunting scenario we all hoped to avoid with the fiscal cliff. But at least tax hikes aren’t figured in.

It’s also very reminiscent [...]

Sequester Silliness

tfmetalsreport.com / By Turd Ferguson / Friday, March 1, 2013 at 10:24 am

Time to discuss this “sequester” nonsense.

What a two-bit, vaudeville charade U.S. politics have become. Let me see if I’ve got this straight…

The U.S. breaches the “” back in August of 2011. The dollar nosedives and Standard&Poor’s downgrades the country’s [...]

Sequester This!

truthingold.blogspot.com / By Dave In Denver / February 28, 2013

In 2012, the total interest expense on the U.S. Government Treasury debt was $360 billion. For the first 4 months of fiscal year 2013, it’s $151 billion. The Government spent a total of $3.5 trillion in FY 2012. Interest expense on Treasury debt was [...]

Media Hype Over Sequester Cuts

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Thursday, February 28, 2013 5:59 PM

President Obama is playing the media like a fiddle (more accurately like the fools they are). Countless mainstream media articles talk about the devastation that is sure to follow if the sequester cuts take place. Obama has even hyped this us [...]

Obama’s False Alarms

lewrockwell.com / By Andrew P. Napolitano / February 28, 2013

In an effort to remove the hot-potato issue of excessive government spending from the 2012 presidential campaign, and calling the bluff of congressional Republicans who always seem to favor domestic spending cuts but increased military spending, President Obama suggested the concept of [...]

You Want Dates For The End Of This Reaction?

jsmineset.com / Jim Sinclair / February 28, 2013

Dear CIGAs,

You wants dates? Ok.

The bet on the short of gold side is that the Sequester takes place. I have felt that the gold market’s longest period of reaction possible would end on my birthday, March 27th. That puts it directly in place of this [...]

You Want Dates For The End Of This Reaction?

jsmineset.com / By Jim Sinclair / February 27, 2013, at 8:13 pm

Dear CIGAs,

You wants dates? Ok.

The bet on the short of gold side is that the Sequester takes place. I have felt that the gold market’s longest period of reaction possible would end on my birthday, March 27th. That puts it [...]

All Of This Whining And Crying About The Sequester Shows Why America Is Doomed

theeconomiccollapseblog.com / By Michael / February 27th, 2013

If we can’t even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have? All of this whining and crying about the sequester is absolutely disgraceful. The truth is that even if the sequester [...]

Sequester or No Sequester: US Federal Finances Are Doomed

dailyreckoning.com.au / By Bill Bonner /February 27th, 2013

Let’s turn our eyes to a gaudy show: today’s financial hurly-burly.

The Dow fell 216 points Monday. Why? We don’t know. Are investors concerned that the Fed will turn off the money machine?

Are they troubled by the ‘sequester‘, which would further squeeze government spending? (This [...]

Bernanke Destroys His Own Credibility

market-ticker.org / By Karl Denninger / February 27, 2013

It doesn’t happen every day, but once in a while you see two things happen in the same Congressional committee session.

The first was that Ben Bernanke admitted that the Ticker I wrote a number of days ago on the driver of our [...]

US Recession Is On The Cards For Q1/Q2

investmentwatchblog.com / February 26th, 2013

$275 billion worth of economic drag is already in the pipeline for 2013 without even Obamaquester

President Obama has been so busy proactively blaming Republicans for the allegedly dire consequences of the March 1 sequester that he has failed to notice something far more damaging to the American economy. The [...]

Behold The Horror Of The Sequester… In Context

zerohedge.com / By Tyler Durden / February 25, 2013, 15:20

Behold the sheer austerity-inducing horror and pure, mortal terror of the, dum dum dum, SEKWESTER!!! Do not pass go and proceed straight to Armageddon.

h/t @Not_jim_cramer

Zero Hedge

Sequester: Front-Loaded Pain, No Gain

zerohedge.com / By Tyler Durden / 02/22/2013 08:25

The sequester was supposed to be such a bad outcome that it would force a compromise. The across-the-board cuts were so rigid and hurt so many favored programs, BofAML notes, the “Super Committee” was almost certain to come up with a more flexible alternative. And yet, [...]