From the Washington Examiner:
International Monetary Fundy chief Christine Lagarde regards recent U.S. spending cuts as “inappropriate,” and Treasury Secretary Jack Lew — the original author of the sequester — took her comments to heart.
“[I]f you look at the amount of deficit reduction we’re doing, we’re just criticized by the IMF for doing too much too soon, that we should do more later and less now,” Lew said on Fox News Sunday.....
If only Lagarde had participated in White House bull sessions about the fiscal debate in 2011, when — according to the Washington Post’s Bob Woodward — Lew came up with the idea of sequestration as a tactic to force Republicans to cave on their demands for spending cuts. “My extensive reporting for my book ‘The Price of Politics’ shows that the automatic spending cuts were initiated by the White House and were the brainchild of Lew and White House congressional relations chief Rob Nabors — probably the foremost experts on budget issues in the senior ranks of the federal government,” Woodward wrote. “Obama personally approved of the plan for Lew and Nabors to propose the sequester to Senate Majority Leader Harry Reid, D-Nev.,” he added. Lew thought that if half the spending cuts came from the Defense Department, Republicans would fold. “That’s good,” Reid agreed, per Woodward. http://washingtonexaminer.com/jack-lew-the-europeans-say-we-need-to-end-spending-cuts/article/2533585
No wonder Senile/Coward/Liar Reid has said noting about the USAF Thunderbirds from Nellis AFB in Las Vegas being grounded or that Nellis is not conducting training flights very often anymore and that the Las Vegas economy is hurting even more because of these budget cuts- to the tunes of tens of millions of dollars.
In the words of Senile/Liar/Coward Reid: That's good.
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