More rationalization for why we cannot have any cut in spending, even $110 billion out of a $3.7 trillion dollar budget, which is less than 3%. The sequestration formula of 50% from defense and 50% from everything else can be changed. In fact, that was the idea. It was the club to get both parties to make cuts. Now that the time has arrived without any deal, both parties will need to identify cuts to avoid the sequestration forumla. The Reps have already done so and it was passed by the House.
Postponing the sequestration cuts for another year is just plain nuts. We have the Obama tax increases. Obama claims the spending cuts from sequestration, yet now you want to postpone them until next year. If the Reps were to agree to such a deal, what kind of message does that send to its base who are already unhappy with them for raising taxes?
There can be sensible cuts, but when the GOP agreed to allow the Democrats to take 50% from the military when it is approximately 18% of the budget was irresponsible. Moreover, the military is the only Federal agency that has already endured real, actual cuts in spending. The ONLY agency to already do so.
But even if we implemented all of the sequestration cuts right now, it would not stop the bleeding.
We are hemorrhaging as a nation because of entitlements.
They MUST be reformed.