Since the “Super Committee” did not agree to a deal, the media is squealing about the terrible cuts that will result from the automatic cuts or Sequestration. I heard one of them, this morning, claiming that 1,500 air traffic controllers will have to be laid off and all sorts of other calamities.
This chart shows that there are No Cuts; only a slight decrease in the planned rate of increase.
I guess they figure if they wail as they are, the public will believe them and think that there is nothing more to cut. That sets them up to believe tax increases are the only way left to tackle the deficit. If a government does stuff like this, it is called propaganda. Here we just call it network news.