Lost in the stupid, yes stupid, handwringing about the sequester is a simple bit of personal perspective. No, this is not an analytic point, but it should nonetheless appeal to the folks who are fueled by narrative and emotion.
Think of the following. Can you even tell me how much you spent, yourself or your entire family, over the entire course of the previous 12 months? I doubt you can. In fact I am sure you cannot since you have no idea how much in taxes you actually paid, and probably not even after you file your tax return do you “really” know. But suppose I grant you that you do know that, perhaps, you spent a total of $50,000.
Could you tell anyone how much you spent on each category of expenditure last year? Break it out by major expenditures if you wish. Food, medical, clothing, housing, transportation, entertainment, illegal activities, etc. Can you? Could you get within 5% of the correct amount you spent last year on particular items (so that in aggregate you are off by no more than $2500)? I would be the ranch that you could not come close.
I, for example, cannot even get within 10% of telling you what I spent my money on last week. If you cannot do this, then on what grounds are you claiming that the end of the world will result if spending fell by 5%? And remember folks this ain’t a 5% “cut” as you think of a cut. And remember, we are prodded by the behavioralists that we all don’t save enough, so wipe that lesson out for today too.