The Sequestration! Go!

Discussion in 'Politics' started by Sallow, Jul 23, 2012.

  1. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Sunset of Bush tax cuts. 600 billion cut to defense. 600 billion cut to domestic.

    Sounds like fiscal sanity.

    :clap2:

    Hopefully it keeps on keeping on!
     
  2. BreezeWood
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    BreezeWood VIP Member Supporting Member

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    not much of a Sunset but maybe a beginning ... and hasn't passed yet.


    600 billion cut to defense. 600 billion cut to domestic. - that's another story.
     
  3. ba1614
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    ba1614 Silver Member

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    What cuts in domestic spending are they planning?
     
  4. Salt Jones
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    Salt Jones BANNED

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    They had a chance to stop it, but they bullshitted around. Now they are crying. I think it's funny.
     
  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Here's hoping.

    :D
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Cheney even made an appearance in Congress. Seems his bread and butter defense buddies are in a panic.
     
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  7. Trajan
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    Trajan conscientia mille testes

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    Any entitlement trimming in there?
     
  8. eflatminor
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    eflatminor Classical Liberal

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    Not even close, a drop in the bucket. We're spending something like $1.3 trillion more than we take in every year! This ain't even a haircut considering it does nothing to address base line budgeting, not to mention new spending programs and wars.

    IMO, the only plan I've seen that could bring about true fiscal sanity is the Mack Penny Plan, which balances the budget by:

    · Cutting total federal spending by one percent each year for six consecutive years,

    · Setting an overall spending cap of 18 percent of gross domestic product in 2018, and

    · Reducing overall spending by $7.5 trillion over 10 years.

    THEN there's still the debt to deal with. Could easily be $20 trillion by then. My goodness, what our largess has wrought.
     
  9. Salt Jones
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    Salt Jones BANNED

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    They are scared. Here in Arizona these are the scare tactics:

    "Arizona could lose more than 49,000 jobs if automatic federal budget cuts are allowed to take effect in January, according to a recent report.
    The report for the Aerospace Industries Association said that direct and indirect job losses resulting from spending cuts mandated in the Budget Control Act of 2011 could top 2 million jobs nationally."

    Report: Arizona could lose 49,000 jobs if federal budget cuts take effect - East Valley Tribune: Money

    I work in the Aerospace defense industry in Arizona and they can't find enough skilled labor to fill all the empty positions. We are on mandatory OT and working 6 days a week, just to keep up. The commercial side more than offsets the US needs.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Yup.

    Republicans wouldn't have signed up to it if they couldn't kill a few folks...

    Like everyone's fave..Jan Brewer.

    Let em eat cake!

    :clap2:
     

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