A couple of days ago I wrote on why I thought Chris Christie should stay as a governor, maybe even become a Senator some day, but not president. I had commented on the poor job journalists do today and asked why they no longer follow the rule of never writing 'news' without three reliable sources for the information, aiming for truth and facts. A reader sent comments which are most enlightening and an article written be Peter G. Klein. To know more about Professor Klein, click here.
"When it comes to an issue such as sequestration, you correctly point out that one should learn the facts before speaking. If only more journalists followed this rule: the news coverage on sequestration has generally been sensationalistic and highly misleading. For all the hysteria over drastics cuts, sequestration does not even reduce federal spending, it just decreases the rate of increase. See http://organizationsandmarkets.com/2013/03/04/sequestration-and-the-death-of-mainstream-journalism President Obama has engaged in this fear-mongering, much to his discredit. At the end of every war America has fought, the nation has been able to substantially reduce military spending. We are ending two wars, and yet Obama wants us to believe that unless defense spending is increased, we will be forced to ground fighters and dock battle ships, leaving America defenseless. Frankly, that is not credible. The simple fact is that the current level of federal spending is not sustainable. As noted economist Herb Stein observed, "That which cannot go on forever, won't". At some point, we will have to make real spending cuts, and the longer delay doing so, the more painful it will be. Obama rejects this modest attempt at moderating the rate of growth of spending. Is this leadership?"
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