An ad from a fiscally conservative group makes a true but misleading claim that the sequester only amounts to “a 3 percent cut in federal spending.” A majority of federal spending is exempt from the sequester cuts, so the parts that are not will be cut much more deeply than that. For example, defense spending (other than for military personnel) will be cut by 8 percent across the board, and nondefense discretionary spending will be cut by between 5 percent and 6 percent.
Conservative-leaning group that focuses on federal spending.
A secretive, Republican-leaning group has spent an estimated $3 million on a TV ad making the false claim that government spending is "not creating jobs."
The ad first appeared Sept. 7 and was still running nearly a month later. The ad shows a man in a business suit digging an ever-deeper hole — a visual metaphor for the nation’s ever-expanding debt. It could also be a metaphor for Public Notice, the sponsor of the ad and yet another group whose finances are also something of a black hole.