Restoration of the 2 percent payroll tax cut on Jan. 1 was a type of sequestration, says a blog posting by the Oklahoma Council of Public Affairs, the conservative counterpart to OK Policy.
In response to Barack Obama’s Chicken Littleism about effects of that other sequestration, the OCPA says average folks took a pay cut when the payroll tax went back to its previous rate. OCPA says the headlines today should be on the order of “Family Eliminates One Movie Outing Per Month” or “Billy Settles for Regular Shoes, Not Air Jordans!” instead of “Sequestration Will Destroy Nation As We Know It!” — or some such.
Families react to having less money by making “simple, minor adjustments in their spending practices, with little or no pain and cost, to reflect the 2 percent taxpayer sequester,” the blog says.
Obama? The Great Divider reacts with partisan fear-mongering.