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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCongress tries to disable automatic spending cuts (they're "concerned" about automatic defense cuts)
By SEUNG MIN KIM | 1/17/12 12:09 AM EST
The deficit-slashing supercommittee left Congress with quite the mess to mop up in 2012.
With each day that ticks by, the nation becomes a bit closer to a painful round of automatic budget cuts that the 12-member supercommittee failed to prevent because of its members inability to agree on a $1.2 trillion deal to cut the deficit.
So, despite a veto threat from President Barack Obama, congressional Republicans and a handful of Democrats have vowed to somehow unravel the spending cuts this year which are scheduled to hit defense and domestic programs equally in January 2013.
Im very concerned about the defense cuts in sequestration, but its also the cuts to nondefense discretionary [that] are also devastating, Sen. Joe Lieberman (I-Conn.) told POLITICO. Ultimately, I think theres a very strong feeling that its not going to go into effect.
Read more: http://www.politico.com/news/stories/0112/71491.html
elleng
(130,732 posts)bluestateguy
(44,173 posts)nt
DJ13
(23,671 posts)Motown_Johnny
(22,308 posts)How about a 10 to 1 ratio? You know, you wouldn't give us a 10 to 1 ratio when you had the leverage so now we will be the reasonable ones and be willing to cut one dollar for every ten dollars in increased revenue.
You're welcome
no_hypocrisy
(46,020 posts)DCKit
(18,541 posts)Lose-Lose for the warmongers, and we saw it coming from a mile away.