"Sequester Exaggerations Exposed By Egypt Foreign Aid," an editorial in Investor's Business Daily:
...President Obama has been condemning Republicans for automatic spending cuts now in effect — a budget sequestration mechanism that was his idea, as the Washington Post's Bob Woodward recently reminded us.
He's been claiming it means "thousands of teachers and educators will be laid off, and tens of thousands of parents will have to scramble to find child care for their kids"; that an aircraft carrier can't be sent to the Persian Gulf; that "almost 800,000 defense employees" will be rendered idle; and that "these cuts will set back medical science for a generation."
He has been using sequester rhetoric to batter Republicans. "Are Republicans in Congress really willing to let these cuts fall on our kids' schools and mental health care ... to slash military health care and the Border Patrol ... to inflict more pain on the middle class?" he asks, adding that "the American people have worked too hard for too long to see everything they've built undone by partisan recklessness in Washington."
After his repeated trillion-dollar deficits and over $16.6 trillion in national debt, the president talks with a straight face about how "we should work together to build on the more than $2.5 trillion in deficit reduction we've already achieved."
Yet somehow he can instantly find a quarter of a billion dollars to gamble on an Egyptian government controlled by an organization dedicated to "civilizational jihad" — spreading Shariah law politically by destroying Western civilization from within.
The U.S. is giving $250 million to an Egyptian president who calls Jews "blood-suckers" who are "descendants of apes and pigs"; Morsi unequivocally supports the Iranian-backed Palestinian terrorist group Hamas, because the two-state solution is "nothing but an illusion" and the Palestinian Authority "was created by the Zionist and American enemies for the sole purpose of opposing the will of the Palestinian people and its interests"; and he calls on fellow Muslims to "besiege the Zionists wherever they are."
Nothing has exposed the truth about all the Chicken Little sequester rhetoric like these hundreds of millions in taxpayer cash so easily slapped down on the Mideast roulette table in the vain hope that we can buy Morsi's friendship.
If President Obama believes he can perform miracles in Egypt with $250 million, then he can handle the mortal task of managing 2% in automatic spending cuts.