President Barack Obama has been jetting around the country warning that we’ll all be turning into pumpkins now that the sequester deadline has come and gone. But Reason Foundation Senior Analyst Shikha Dalmia writing in the Washington Examiner notes that there is a simple way for Obama to postpone apocalypse: Recall the nearly $60 billion in bailout money that auto companies and Wall Street fat cats are still sitting on. She notes:
It is offensive to hold basic government services hostage to tax increases, while at the same time lavishing billions on corporate entities. To be sure, at some point, these services must be cut, since this year's sequester is just a tiny down payment on what's needed to restore America's fiscal health. But it will go down much easier if taxpayers have confidence that corporate fat cats are not living it up on their dime.
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