Less than two weeks to go for our pathetic Congress to reach a decision and no one on this Forum seems to care? Wow. You will after March 1st.
I care but it doesn't look like there's an easy way for Congress to cut spending. We're just going to have to deal with the consequences of them doing it the hard way...
It is a scenario almost exactly like the summer of 2011 when investors, credit-rating agencies and capitals around the world watched with alarm as Washington went to the brink before reaching a debt-limit and deficit-reduction deal.
Latest federal news says, according to Obummer, the GOP is unwilling to raise taxes to reduce deficits and warning that the jobs of essential government workers, from teachers to emergency responders, are on the line.
House Republicans however have proposed an alternative to the immediate cuts, targeting some spending and extending some of the reductions over a longer period of time. They also have said they are willing to undertake changes in the tax code and eliminate loopholes and tax subsidies. But they have said they would overhaul the tax system to reduce rates, not to raise revenue.
Bottomline: The president and his democrat cronies won't stop spending and are willing to raise taxes...again...to pay for it. Sound familiar? It should, just ask Martin "Taxaholic" OWE'Malley.
Obama and Lew came up with this **** storm and now it's starting to backfire. Barry was on the TV last night trying to place the blame on the republicans again for crissakes. Man, I thought Slick Willy was a liar but Barry takes the cake. If he was Pinnochio, his nose would be a drawbridge across the Potomac.
Boehner to Obama: You created spending cut crisis, you fix it
Doubtful we'll hear that reported on MSNBC, CNN, ABC, CBS, etc"Having first proposed and demanded the sequester, it would make sense that the president lead the effort to replace it. Unfortunately, he has put forth no detailed plan that can pass Congress, and the Senate—controlled by his Democratic allies—hasn't even voted on a solution, let alone passed one."
But President Obama was determined not to face another debt-limit increase before his re-election campaign. Having just blown up one deal, the president scuttled this bipartisan, bicameral agreement. His solution? A sequester.
With the debt limit set to be hit in a matter of hours, Republicans and Democrats in Congress reluctantly accepted the president's demand for the sequester, and a revised version of the Budget Control Act was passed on a bipartisan basis
"These cuts are not smart. They are not fair. They will hurt our economy. They will add hundreds of thousands of Americans to the unemployment rolls," Obama said. "This is not an abstraction -- people will lose their jobs."
Read more: http://www.foxnews.com/politics/2013...#ixzz2LSbA1Chc
Last edited by flyboy56; 02-20-2013 at 11:11 AM.
And is that a real cut from this years spending or is it just a reduction in the baseline increases built into the annual budget. Me thinks the latter.
Cutting $85B a year is really going to damage the country. Stop listening to the hype about how draconian this all is. Obama is simply demagoguing the issue.
Me thinks the stupid party will cave in and come up with some way to kick can.
Well March 1st is next week and if it were me, I'd let the "cuts" hit and then see where we're at!
Obama asked for the cuts - his plan. Now he's crying about them.
Keep licking those boots, Obama sheep.
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