Buckrub
02-28-2013, 10:52 AM
Automatic Spending Cuts. Can't call them "Budget Cuts" cause Obama won't allow a Budget to be passed. But I looked up when this automatic cut thingy was passed. August 2011!!!! Guess who was President then? Guess who had to have signed this law? Guess who is now blaming someone else for it?? Guess who is a scumbag?
Why are cuts ever bad?? Shouldn't any rational person expect some services (loosely used) to go away if spending is cut? If you don't do it Friday, when will you do it? You WILL do it someday, I assure you!!!
Anyway, this is what it is:
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.
100 Billion divided by 16 Trillion = SIX TENTHS OF ONE PERCENT
That's how much of the National Debt that this would 'cut'............
Why are cuts ever bad?? Shouldn't any rational person expect some services (loosely used) to go away if spending is cut? If you don't do it Friday, when will you do it? You WILL do it someday, I assure you!!!
Anyway, this is what it is:
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.
100 Billion divided by 16 Trillion = SIX TENTHS OF ONE PERCENT
That's how much of the National Debt that this would 'cut'............