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Sequestration
Budget sequestration: U.S. legal procedure in which automatic spending cuts are triggered, notably implemented in the Budget Control Act of 2011. The cuts, plus nearly $1 trillion more over the coming decade, were concocted two years ago. Administration and congressional bargainers purposely made them so painful that everyone would be forced to reach a grand deficit-cutting compromise to avoid them. Hasn't happened.
Just for the record: The Administration (Obama) and Congressional bargainers (including Harry Reid) agreed to and voted for these cuts.
The national debit is $16,549,891,338. There are 113,061,786 taxpayers and 22,371,557 unemployed. The debit exceeds the GDP for the USA. The US government has grown by a estimated 17%. The United States credit rating went from AAA to aa-.
These cuts begin on 1 March 2013 by Presidential (Obama) and Congressional agreement. Many budgets will be impacted. There are no cuts that will endanger health or welfare of citizens this was done by design.
So we have facts, definations, and estimates regarding these cuts. The debate centers on are the cuts only the first step required to reign in government spending and balance the budget OR should we continue with entitlements, subsidizing, and a bigger government which Obama has said will cost another 4 trillion in the next four years.
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Mike Colera 10+
We spend our time at the local watering hole complaining that Bill Gates don't deserve all that money or about the special place we nap and the boss can't find us.
And all we got here is sequestration? That's the least of our problems.
Dorian Knus
Gordon Barker 10+
But if they had won, they would sweep into office and cut spending, medicare, welfare and many other 'fares as is their ideology and the sequestration would not be required.
Since they lost and they are mentally unable to waver from their economic ideology and the Democrats, since they won, feel they don't have to, you sit in the middle of the track trying to stare down the oncoming locomotive.
Whoever first quoted "Politics is the art of compromise" is currently spinning in his/her grave
Linda Taylor 50+
http://www.foxnews.com/politics/2013/02/20/boehner-to-obama-created-spending-cut-crisis-fix-it/
http://www.usatoday.com/story/theoval/2013/02/20/obama-boehner-pfeiffer-white-house-sequester/1932467/
It was a manipulative ploy. Now the republicans are saying we're done playing.
Gordon Barker 10+
The government was in technical default and heading for an August 1 drop dead date and at the time it was widely believed that the republicans were crazy enough to let the government default.
Obama suggested it based on the Gramm-Rudman-Hollings deficit reduction act of 1985.
But to me it seemed that he had very little wiggle room at this point.
No house democrats voted for the measure but 218 house republicans did vote for it and so it passed.
I don't believe that the republicans are done playing yet.
Linda Taylor 50+
Daryl Roche
Linda Taylor 50+
I will hurt like hell but it is necessary. Heck, the president doesn't care, he is playing golf with Tiger Woods. That right there sets the tone for the rest of the political leadership. Don't worry, be happy.
I have had to cut my budget or have it cut for me. I get how it works. There is only so much money because the presses can't keep running at this speed. We are too close now to sequestration to prevent it so the best we can do will be reactionary. I think sequestration will continue for a month or two which will save us a ton of money. Congress will get busy because so many people will be angry, return us to ridiculous spending but we will get a savings over a few months. At this point, this is the only option where each side saves face and blames each other. Temporary downsizing.
Robert Winner 50+
Yeah I thought this was a time for serious people to be working on the many problems we have. Since Obama went golfing I guess that sends the message as you stated. Wonder why the media always says this is a battle between Obama and Bayner. Guess that Obama does not trust anyone else ... wow what a message. Also they never mention that this was a bi-partisan agreement but the media says it was a repub resolution.
We could do away with the 32 new czars and homeland security as they do not enforce the boarder laws and have just entered the top three in expendatures ... with zero results ... what a waste.
Oh well. I preached to much. Thanks for the reply. Bob.
Linda Taylor 50+
It's good to be the king. ~Mel Brooks
edward long 100+
Gail . 50+
The House passed the Budget Control Act on August 1, 2011 by a vote of 269 to161. 174 Republicans and 95 Democrats voted FOR it (making it HEAVILY favored by Republicans), while 66 Republicans and 95 Democrats voted against it. (Again, making it a Republican initiative)
The Senate passed the Act on August 2, 2011 by a vote of 74 –26. (45 Dems & 28 Reps). 6 Democrats and 19 Republicans voted against it.
Total Congressional support: 297 Republican. 206 Democrat.
edward long 100+
Linda Taylor 50+
http://www.commentarymagazine.com/2012/09/07/more-evidence-defense-sequestration-originated-in-white-house/
george lockwood 20+
edward long 100+