Rep. Campbell on the Sequester: Real Threat is Trillion Dollar Deficits
March 4, 2013
Appearing on CNN Newsroom with Fredrick Whitfield, Rep. John Campbell (R-CA) explains that the 2% budget cuts implemented by the Sequester pale in comparison to the overall spending and total debt owed by the federal government. Calling the Sequester "the least we can do" to begin to reverse the course of America's enormous debt and deficits, Campbell points out that total spending by the government after the Sequester's cuts will still be higher this year than last year.
"What's not OK is if we don't deal with our debt and our deficit," said Rep. Campbell. "That's where the real Armageddon is going to be -- when people won't buy our debt anymore. This is 2% of the federal budget. It is the least we can do at this point and we frankly need to do quite a bit more to get spending and the deficits under control."
Campbell concludes by mentioning that the House will pass a measure (CR) to fund the government to the end of the fiscal year (September 30) at the sequester level. This measure will have a bipartisan, bicameral agreement in it to protect the "point of the spear" in defense by directed defense reductions elsewhere in DoD's budget.