Yesterday’s New York Times carries an article entitled “Fear of U.S. Cuts Grows in States Where Aid Flows.” Google Chrome says that the word “cut” occurs 32 times on the page. It sounds like a natural disaster: “The impact would be widespread as the cuts ripple across the nation over the next year”. Yet buried near the bottom is an interesting paragraph: “Even with the automatic cuts, the analysis found, states are still expected to get more federal aid over all this year than they did last year, because of growth in some of the biggest programs that are exempt from the cuts, including Medicaid.”
So.. federal spending is being cut. Which is why more money will be spent this year than last year.