Obama warned us the dire consequences of the Sequester! would be, um, dire. And so far about all we have is White House tours being cancelled to show for it. And now that everyone is laughing at him and not with him for his Chicken Littleism (as opposed to his Barackadoodledoo of 2008), where do we find ourselves?
Using TreasuryDirect.gov, and their "Debt to the Dime" application let's take a look at the total U.S. Debt compared to previous years, and see what effect the Sequester! might have had on it this year.
Where did the total U.S. debt stand at the first week day of March (when the Sequester! took effect this year) compared to the sixth week day of March?
March 2: $10,942,165,294,650.80
March 9: $10,952,663,030,603.40
Added to debt: $10,497,735,952.60
Debt increased 0.096%
March 1: 12,507,536,462,861.oo
March 8: 12,546,372,001,879.70
Added to debt: $38,835,539,018.70
Debt increased 0.31%
March 1: $14,172,957,589,856.60
March 8: $14,193,176,753,471.60
Added to debt: $20,219,163,615.00
Debt increased: 0.143%
March 1: $15,501,014,716,143.70
March 8: $15,517,794,642,311.20
Added to debt: $16,779,926,167.50
Debt increased: 0.108%
So, there's a baseline. How does 2013 fare in comparison, now that we are under the scourge of the cut-spending-to-the-bone Sequester!?
March 1: $16,640,135,316,625.30
March 8: $16,701,846,937,879.70
Added to debt: $61,711,621,254.40
Debt increased: 0.371%
Well that's some real belt-tightening, not to mention eye-popping, austerity right there.