Share this on:
 E-mail
54
VIEWS
18
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view k3vsDad's profile
    Posted February 26, 2013 by
    k3vsDad
    Location
    Farmersburg, Indiana
    Assignment
    Assignment
    This iReport is part of an assignment:
    Sound off

    More from k3vsDad

    Sequester All About Politics - NOT Economics

     

    We  need to understand and be clear that the upcoming sequester has nothing  to do with economics or fixing the fiscal mess we have languished in  for years. It is politics in its most blatant form. Unfortunately, it  seems that most of us are buying into the idea that our elected  officials have the economy on their collective minds on the issue of the  mandatory across-the-board cuts set to take effect on March 1.

    Medicare and Social Security along with interest payments on the national debt are exempt.

    When  the plan was hatched, passed and signed into law about a year and a  half ago, it was a political gamble by both President Barack Obama and  his Democratic colleagues in the Senate and House of Representatives  that such a move would never see fruition. It was also a political  gamble by Republican leadership and rank-and-file members of Congress  that accepting the plan would also not be seen to implementation. But  both sides did so with an eye on the 2012 general election.

    Now  here we are within days of the sequestration law taking full effect.  Both sides are trying to blame the other again for political reasons.  Both sides are making bets the other side will blink before the midnight  hour.

    Reality, both sides hope the plan now takes its toll...but for purely political reasons.

    In  2012 the President was able to campaign on the sequester to show he was  all for cutting the over-the-top spending in Washington. He even vowed  to veto any legislation that attempted to curb or avert the  sequestration from happening. Republicans campaigned that the sequester  was their ace in the hole which would force Democrats in Washington to  stop their evil, free-spending ways.

    Both sides used the sequester to keep their positions of strength in the Halls of Power - the White House and the Congress.

    Today it is all about the 2014 midterm elections.

    The  President and his fellow Democrats see the sequester as the best way to  put the onus on Republicans and return the House to their side in 2014.  The gamble is that the voting public will not have forgotten in 19  months that it was the obstructionist Republicans who caused all the  financial hardship and harm to the economy. The President also sees this  as the best way to have both chambers of Congress to press on and  cement his legacy during the critical last two lame duck years of his  presidency.

    For  Republicans, they are hoping to maximize on the idea this was the only  way to get any spending cuts from the Big Spender in the Oval Office and  force Democrats to come to grips with overhauling entitlements.  Republican incumbents see the sequester as the only way to stave off a  revolt from more extreme members of the base during 2014 primaries.  Republicans find the sequester a way to keep those House seats and  Senate positions up for renewal.

    No  one in the Capitol from the President to the leaders in Congress are  giving any real thought to the economic realities or to long-term impact  of fiscal irrresponsibility. All that matters to our elected officials  is how sequester will play on November 4, 2014.

    Ignore all the "sky is falling" rhetoric. Ignore all the "this is the best we could get" on spending cuts talk.

    The  economy will survive. Our elected officials know this. Why bother with  doing the people's work when there's an election in 19 months?

    From  the Cornfield, sequester is most likely to occur come Friday. Don't  fall into the trap from either side that the other side is to blame.

    Both sides set up this crisis. Both sides want this crisis. Both sides want sequester to happen.

    It's all about politics, not economics.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story