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Why would federal agencies cut their most vital assets instead of trimming around the edges? After all, the sequestration cuts are only 2.4 percent of federal spending.

Take a couple of examples.

President Obama said that “Air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country.”

It won’t come as a surprise to most Americans that there is waste and inefficiency at the Transportation Security Administration (TSA). In fact, a congressional report “found that TSA is wasting hundreds of millions of taxpayer dollars.” Another report found that the TSA “has continually grown its ranks despite fewer travelers.”

President Obama said that “Thousands of teachers and educators will be laid off.”

First of all, as Heritage researchers have pointed out, “No federal education program operated by the Department of Education directly funds teacher salaries—this is a state and local responsibility.” And there are plenty of programs where inefficiencies are burdening our education system. A congressional report listed a number of duplicative or ineffective education programs that could be cut.

Reason.com reported that the Office of Management and Budget warned of sequestration cuts to an agency that doesn’t even exist. As Reason’s Mike Riggs noted, this raises questions about the accuracy of the Administration’s attempted impact statements.

Read more.