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Black for Palestine
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The Sequester and/or Government Shutdown Approacheth
Anybody else ****ing fed up with this shit? 2013: Year of the Cliff.
Sequester hits March 1st. Government shutdown hits March 27th. Here's the conversation on the fiscal cliff. Here's the conversation on the debt ceiling (which we'll be returning to by May... sigh). The White House discusses the entirety of the impact in post 136. It's devastating. Here's the FAQ on the sequester (from September): http://www.washingtonpost.com/blogs/...ter-explained/ The sequester, explained Posted by Suzy Khimm on September 14, 2012 at 2:35 pm The White House has released its plan explaining how the sequester’s mandatory spending cuts to defense and domestic spending will be implemented in 2013. Here’s the background on what the sequester is, how it happened and what happens from here: What is the sequester? It’s a package of automatic spending cuts that’s part of the Budget Control Act (BCA), which was passed in August 2011. The cuts, which are projected to total $1.2 trillion, are scheduled to begin in 2013 and end in 2021, evenly divided over the nine-year period. The cuts are also evenly split between defense spending — with spending on wars exempt — and discretionary domestic spending, which exempts most spending on entitlements like Social Security and Medicaid, as the Bipartisan Policy Center explains. The total cuts for 2013 will be $109 billion, according to the new White House report. Under the BCA, the cuts were triggered to take effect beginning Jan. 1 if the supercommittee didn’t to agree to a $1.2 trillion deficit-reduction package by Nov. 23, 2011. The group failed to reach a deal, so the sequester was triggered. Why does everyone hate the sequester so much? Legislators don’t have any discretion with the across-the-board cuts: They are intended to hit all affected programs equally, though the cuts to individual areas will range from 7.6 percent to 9.6 percent (and 2 percent to Medicare providers). The indiscriminate pain is meant to pressure legislators into making a budget deal to avoid the cuts. How would these cuts affect the country? Since the details just came out, it’s not entirely clear yet. But many top defense officials have warned that the cuts will lead the military to be “hollowed out.” Democratic legislators have similarly warned about the impact on vital social programs. And defense, health care and other industries that are significantly dependent on federal spending say that major job losses will happen if the cuts end up taking effect. At the same time, if legislators try to avoid the sequester without replacing it with real deficit reduction, the U.S. could face another credit downgrade. Why did Congress and the White House agree to the sequester in the first place? The government was approaching its debt limit, which needed to be raised through a congressional vote or else the country would default in early August 2011. While Democrats were in favor of a “clean” vote without strings attached, Republicans were demanding substantial cuts in exchange for raising the debt limit. President Obama and congressional leaders ultimately agreed to the BCA, which would allow the debt ceiling to be raised by $2.1 trillion in exchange for the establishment of the supercommittee tied to the fall-back sequester, as the Center for Budget and Policy Priorities explains. The deal also includes mandatory spending reductions on top of the sequester by putting caps on non-entitlement discretionary spending that will reduce funding by $1 trillion by 2021. Who supported the debt-ceiling deal? Party leaders, the White House and most members of Congress supported the debt-ceiling deal: The BCA passed on a 268-161 vote in the House, with about one-third of House Republicans and half of House Democrats opposing it. It passed in the Senate, 74-26, with six Democratic senators and 19 Republican senators opposing it. Can the sequester be avoided? Yes, but only if Congress passes another budget deal that would achieve at least $1.2 trillion in deficit reduction. Both Democrats and Republicans have offered proposals to do so, but there still isn’t much progress on a deal. The political obstacles are the same as during the supercommittee negotiations: Republicans don’t want to raise taxes to generate revenue, while Democrats are reluctant to make dramatic changes to entitlement programs to achieve savings. What happens from here? No one on Capitol Hill thinks any deal will happen before Election Day. After Nov. 6, Congress will have just a few weeks to come up with an alternative to the sequester. The challenge is complicated by the fact that the Bush tax cuts, the payroll tax, unemployment benefits and a host of other tax breaks are all scheduled to expire Dec. 31. The cumulative impact of all of these scheduled cuts and changes is what’s popularly known as the fiscal cliff. There’s already talk of passing a short-term stopgap budget plan during the lame-duck session to buy legislators more time to come up with a grand bargain. Last edited by Direckshun; 02-09-2013 at 10:11 PM.. |
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#136 |
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Black for Palestine
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The White House breaks down the disasterous effects of the sequester.
http://www.whitehouse.gov/the-press-...s-families-job Fact Sheet: Examples of How the Sequester Would Impact Middle Class Families, Jobs and Economic Security Office of the Press Secretary February 08, 2013 Unless Congress acts by March 1st, a series of automatic cuts—called a sequester—that threaten thousands of jobs and the economic security of the middle class will take effect. There is no question that we need to cut the deficit, but the President believes it should be done in a balanced way that protects investments that the middle class relies on. Already, the President has worked with Congress to reduce the deficit by more than $2.5 trillion, but there’s more to do. The President believes we can not only avoid the harmful effects of a sequester but also reduce the deficit by $4 trillion total by cutting even more wasteful spending and eliminating tax loopholes for the wealthy. Unfortunately, many Republicans in Congress refuse to ask the wealthy to pay a little more by closing tax loopholes so that we can protect investments that are helping grow our economy and keep our country safe. Our economy is poised to take off but we cannot afford a self-inflicted wound from Washington. We cannot simply cut our way to prosperity, and if Republicans continue to insist on an unreasonable cuts-only approach, the middle class risks paying the price. The most damaging effects of a sequester on the middle class are:
More detailed explanations of these cuts as well as additional areas that will be impacted include: Security and Safety
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#137 |
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The 23rd Pillar
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Good point. If only he'd step aside for the good of the country.
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![]() "After voters re-elected an administration that added five trillion dollars to the nation’s debt, left 23 million Americans unemployed, surrendered Iraq to America’s enemy Iran, and enabled the Muslim Brotherhood to gain control of the largest country in the Middle East, the one lesson Republicans should agree on is that elections are driven by emotions, not reason." - David Horowitz |
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#138 |
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Supporter
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The sequester is another great Obama idea created so he wouldn't have to face facts.
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#139 | |
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Black for Palestine
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Quote:
I've read absolutely nothing that verifies that. Where are you getting it? |
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#140 |
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Black for Palestine
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#141 |
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Black for Palestine
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http://thehill.com/blogs/blog-briefi...er-replacement
GOP Rep. Cole: ‘Absolutely’ no new tax revenues in sequester replacement By Justin Sink 02/10/13 10:51 AM ET Deputy Majority Whip Tom Cole (R-Okla.) said Sunday that House Republicans would “absolutely” not accept new revenues as part of a deal to avoid the $85 billion in automatic cuts to the federal budget set to take effect in three weeks. “Absolutely not,” Cole said on ABC News's "This Week." “The president accepted no spending cuts back in the ‘fiscal cliff’ deal 45 days ago, so you get no spending cuts back then, then you’re going to get no revenue now.” Cole went on to say that the sense among Republicans was that they now held the leverage in negotiations, and felt no inclination to again open the issue of new revenues. Democrats, including President Obama, have called for a "balanced" package that would replace the sequester with a combination of spending cuts and closing tax code loopholes and deductions. "Politically, Democrats are exactly where Republicans were six weeks ago. taxes were going up by law… now these cuts are going to happen by law, and it's a law the president signed," Cole said. Cole also said President Obama and Senate Democrats were responsible for proposing alternative spending cuts if they wanted to avoid the blunt across-the-board reductions. "They haven't been able to pass anything, they haven't been able to propose anything," Cole said. Rep. Keith Ellison (D-Minn.), also appearing on the show, warned sequestration would cause a retraction of the economy and the loss of 600,000 jobs. “It’s going to do everything opposite from what your party says that they want,” Ellison said. “It’s going to increase unemployment, it’s going to increase uncertainty." Stephanie Cutter, the deputy campaign manager for President Obama's re-election effort, also objected to Cole's assertion that the sequester was the president's idea. Cutter said the sequester was intended to compel a deal and never intended to actually go into place. "This was an enforcement mechanism for Congress to ... finally come together to pass deficit reduction," Cutter said. Cutter also hinted that President Obama would address the issue in his State of the Union address Tuesday night. "We can't have any more self-inflicted wounds on this economy," Cutter said. |
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#142 |
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The 23rd Pillar
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Why should there be additional taxes in a sequester replacement? The sequester is all cuts, right? So shouldn't dumb cuts (of the across the board, sequester type) be replaced with smart cuts (cut bad and ineffective programs first)?
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![]() "After voters re-elected an administration that added five trillion dollars to the nation’s debt, left 23 million Americans unemployed, surrendered Iraq to America’s enemy Iran, and enabled the Muslim Brotherhood to gain control of the largest country in the Middle East, the one lesson Republicans should agree on is that elections are driven by emotions, not reason." - David Horowitz |
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#143 |
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Its from Woodward's book.
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#144 |
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Ideally they would replace these dumb, frontloaded cuts with cuts to entitlement spending that only slowly phase in, achieving the same level of deficit reduction without hitting the economy so hard. It doesn't seem either party will go for this, though.
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Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away? Lisa: Because they discovered gold over there! Homer: It's because they're stupid, that's why. That's why everybody does everything. |
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#145 |
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The 23rd Pillar
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That sounds good to me, as a start.
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![]() "After voters re-elected an administration that added five trillion dollars to the nation’s debt, left 23 million Americans unemployed, surrendered Iraq to America’s enemy Iran, and enabled the Muslim Brotherhood to gain control of the largest country in the Middle East, the one lesson Republicans should agree on is that elections are driven by emotions, not reason." - David Horowitz |
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#146 | ||
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Quote:
Quote:
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#147 | |
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Quote:
Like the Obama sequester, they again are painting themselves into a corner on entitlements. IMO they'd be much better off addressing now and looking like adults instead of later when the cuts will have to be deeper and the public wakes up to realize what real idiots they are. |
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#148 | |
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MVP
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I'm sick and tired of Obama. The condescending attitude. I'm sick of this BS with him standing in his own little corner pouting like a child. And sticking to the same ridiculous talking point that this economy is crisis simply because the wealthy aren't paying enough taxes, as if that one thing is going to fix everything.
This economy isn't set to "take off" and he most certainly is not taking a balanced approach. He is re-hashing the same liberal talking points and is not bending whatsoever to compromise the way Clinton did. Quote:
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#149 | |
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Quote:
And I'm quite sure the GOP would oppose my plan, as well.
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#150 | |
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Quote:
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