Vincent R. Reinhart : Politicians have been squawking about dire fallout of forced spending cuts . He says Obama and Congress agreed on them in April 2012 deal , and they 're necessary . He asks : What have we gotten from huge increase in federal government 's budget ? ( PolitiFact verdict : Welch : Debt at more than 90 % of GDP , with boomers getting ready to queue up for benefits .
Vincent R. Reinhart : Politicians have been squawking about dire fallout of forced spending cuts . He says Obama and Congress agreed on them in April 2012 deal , and they 're necessary . He asks : What have we gotten from huge increase in federal government 's budget ? Welch : Debt at more than 90 % of GDP , with boomers getting ready to queue up for benefits .