Skip to comments.Obama signs order for "sequester" budget cuts (It's now official)
Posted on 03/01/2013 6:10:31 PM PST by smoothsailing
March 1, 2013
(Reuters) - President Barack Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan.
The White House released a copy of Obama's directive entitled "Sequestration Order for Fiscal Year 2013." Government agencies will now begin to hack a total of $85 billion from their budgets between Saturday and October 1.
(Excerpt) Read more at reuters.com ...
By the authority vested in me as President by the laws of the United States of America, and in accordance with section 251A of the Balanced Budget and Emergency Deficit Control Act, as amended (the "Act"), 2 U.S.C. 901a, I hereby order that budgetary resources in each non-exempt budget account be reduced by the amount calculated by the Office of Management and Budget in its report to the Congress of March 1, 2013.
Pursuant to sections 250(c)(6), 251A, and 255(e) of the Act, budgetary resources subject to sequestration shall be new budget authority, unobligated balances of defense function accounts carried over from prior fiscal years, direct spending authority, and obligation limitations.
All sequestrations shall be made in strict accordance with the requirements of section 251A of the Act and the specifications of the Office of Management and Budget's report of March 1,
THE WHITE HOUSE, March 1, 2013.
The sky will fall in ... 3 ... 2 ...
About f-ing time. Bring it on!
But it’s still Bush’s fault.
GOOD! NOW DO IT AGAIN
Bring out yer dead!!!
That happened to me once when I unfolded my pocket knife on a mime.
How will we survive????
Pray for America
MooseChelle’s next vacation will be reduced by 45 minutes....
The small business that I work for may get hit hard by this sequester...we have quite a few federally funded contracts. We shall see...
Here we go...http://www.youtube.com/watch?v=4zNoxjUUyec
as my Dad used to say, that could scare flies off a cow pie .....
Raising my soda cup and wishing for 1000 more sequester cuts.
We survive by stopping sending US jobs to China.
Bring back US jobs to America.
Now and completely. Now.
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