# Multimedia 

Multimedia 

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Video 

](https://cdn.cato.org/archive-2013/cv-02-27-13-hd.mp4) 

Cato Video • February 27, 2013 

# Sequestration Panic! 

UPDATE (03/01/13): To clarify a comment from the video that may be unclear, references to future defense spending are in nominal dollars. 

[https://​www​.cato​.org/​p​u​b​l​i​c​a​t​i​o​n​s​/​c​o​m​m​e​n​t​a​r​y​/​f​a​i​r​y​-​t​a​l​e​-​s​p​e​n​d​i​n​g​-cuts](https://www.cato.org/publications/commentary/fairy-tale-spending-cuts) 
[https://​www​.cato​.org/​s​e​q​u​ester](https://www.cato.org/sequester) 

The “cuts” under sequestration are, in fact, not spending cuts at all. Even the one department that faces substantive cuts, Defense, will continue to spend at historically high levels. Cato Institute Senior Fellow [Michael D. Tanner](https://www.cato.org/people/michael-tanner) comments. 

Video produced by [Caleb O. Brown](https://www.cato.org/people/caleb-brown), Austin Bragg and Lester Romero.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Michael D. Tanner](/sites/cato.org/files/styles/author_picture/public/2021-01/Michael%20Tanner.jpg?itok=fvQbEN_H)](/people/michael-d-tanner) 

##### [Michael D. Tanner](/people/michael-d-tanner)

Former Senior Fellow, Cato Institute

[ 

](mailto:mtanner@cato.org)