ABC on Sunday continued to hype Barack Obama's hyperbolic claims about sequester cuts. World News reporter David Kerley played a clip of the President and then insisted that $85 billion in spending "sounds like a disaster movie." Kerley warned, "Child care canceled for tens of thousands of kids. Long airport security lines. Flight delays with a shortage of controllers. And military cuts that will leave us 'second rate' according to the Defense Secretary."
Reason Magazine's Nick Gillespie on Monday pointed out: "Widely quoted as $85 billion for spending in fiscal year 2013 (which ends on September 30), the Congressional Budget Office (CBO) underscores that just $44 billion of spending reduction are slated for 2013, with the rest coming in later years." That amounts to $44 billion in a 2013 budget of $3.6 trillion. Kerley allowed two sentences acknowledging that the cuts "will be phased in over the next seven months."