As Congress and the White House duke it out over the coming budget sequestration, let me take a moment to remind everyone that no actual cuts to the Federal budget are being discussed. The sequestration is actually a decreased in the proposed budget increase in next year’s budget.
It’s called baseline budgeting, and it’s one of the evils of Washington D.C.. One of the best explanations I’ve ever heard, and one of the few examples of somebody actually talking about baseline budgeting in Congress, is Paul Ryan’s “cover the moon with yogurt” speech.
Here’s Ryan’s brilliant explanation:
This is exactly what’s being discussed in the sequestration debate, not real cuts, but cuts in the proposed increase in spending.