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United States Senator Risch Discusses Sequester
Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) With the sequester taking hold of the nation, the questions remain. Was the sequester necessary and how will it affect our daily lives?
"I think that the sequester really underscores the serious financial condition that this country is in," said United States Senator Jim Risch.
The federal government spends between 10 and 11 billion dollars on a daily basis. Senator Risch told us the problem is they only take in about six and a half billion dollars each day.
"So they are short forty two cents on every dollar they spend. They actually go out and they actually borrow forty two cents on every dollar they spent. So the object is obviously to close that gap and this has been going on for five years," said United States Senator Jim Risch.
Since he was elected to office in 2008, the national debt has gone from ten trillion to sixteen and a half trillion. The debate over the national debt is one of the many issues that led to the sequester.
"The sequester did was roll things back 2.4%. So as you can see, this is a pretty small cut, talking about the 42% that needs to be rolled back," said United States Senator Jim Risch.
The sequester will cause cutbacks, but Risch feels those cutbacks are being over exaggerated.
"Well that whole thing is way overstated. We have a President of the United States that wants to convince Americans that this is the worst thing that could possibly happen, when we are only talking about a 2.4% cut," said United States Senator Jim Risch.
The impacts of the sequester on day to day lives remain unknown, but this senator believes the cuts were necessary.