Posted on 03/02/2013 4:25:43 PM PST by mdittmar
The US government will experience spending cuts that could affect the economy and limit military readiness as President Barack Obama and leaders of Congress failed to compromise on an alternative budget plan. The automatic budget cuts were placed during the budget negotiations in 2011 and can only be stopped by a deal between the White House and Congress.
Talks last Friday resulted into nothing and that means government agencies will now cut a total of $85 billion from their budgets starting Saturday until October 1. Financial markets were unaffected by the stalemate in the budget negotiations in Washington.
(Excerpt) Read more at dailypolitical.com ...
How about saving by eliminating Military Abortion services?
Nah the blue angels got to go./sarc
Headline could have read, “Congress and President succeed in cutting spending.”
Obama is behaving like some out of control shopaholic who just had her credit cards cancelled.
The answer - "live theatre".
Everybody is weary of this but the media.
No spending cuts, exactly ... just a miniscule fraction of a reduction in the rate of spending increase.
I’d like to beat them (and our local school board) to death with the complete works of Thomas Sowell!!!
Congress and the WH will fail if they don’t enact a lot more cuts than these paltry ones, IMO.
Yes, but that would have taken multiples of the current amount of increase reductions to become actual spending cuts. In order to do that, and keep up the doom meme, they would have had to set off a bunch of nukes to pare down the People and explain that without money, we just couldn't support them any more - similar to the illegal release program they just did.
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