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Automatic Spending Cuts on Hold

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  • Automatic Spending Cuts on Hold

    We're set for yet another battle over spending cuts. The Republicans are trying to stop them from happening.

    Wide-ranging U.S. spending cuts set to kick in next year for domestic and military programs would be scrapped by a proposal that some top Republicans plan to outline on Thursday.

    Senator John McCain has joined forces with assistant Senate Republican leader Jon Kyl and other party members to introduce legislation that would eliminate the first installment of $1.2 trillion in automatic spending reductions over a decade.

    Republicans push to stop automatic U.S. spending cuts - Yahoo! News

  • #2
    Re: Automatic Spending Cuts on Hold

    Not very bright really. I suppose Republicans don't really want to be seen as fiscal conservatives.

    מה מכילות החדשות?


    • #3
      Re: Automatic Spending Cuts on Hold

      Sure seems like it. It's all good though. The automatic spending cuts will eventually happen anyway. It'll just be when the rest of the world refuses to take anymore of our dollars.

      מה מכילות החדשות?


      • #4
        Re: Automatic Spending Cuts on Hold

        Originally posted by wooyarn View Post
        We're set for yet another battle over spending cuts. The Republicans are trying to stop them from happening.

        Wide-ranging U.S. spending cuts set to kick in next year for domestic and military programs would be scrapped by a proposal that some top Republicans plan to outline on Thursday.

        Senator John McCain has joined forces with assistant Senate Republican leader Jon Kyl and other party members to introduce legislation that would eliminate the first installment of $1.2 trillion in automatic spending reductions over a decade.

        Republicans push to stop automatic U.S. spending cuts - Yahoo! News
        You left out two things:

        The $127 billion in budget savings would be achieved, instead, by scaling back the federal workforce and freezing its pay.
        Which is fine by me... it should include a freeze on Congressional pay and the pay and hiring of Congressional staff. But the savings goes on.

        Why do this?

        The move is designed to buy time for lawmakers to decide on more orderly reductions than the across-the-board cuts put in place after a special congressional committee failed to develop a deficit reduction plan last year, a Republican aide said.
        Which may or may not happen...

        מה מכילות החדשות?


        • #5
          Re: Automatic Spending Cuts on Hold

          Originally posted by wooyarn View Post
          We're set for yet another battle over spending cuts. The Republicans are trying to stop them from happening.

          Wide-ranging U.S. spending cuts set to kick in next year for domestic and military programs would be scrapped by a proposal that some top Republicans plan to outline on Thursday.

          Senator John McCain has joined forces with assistant Senate Republican leader Jon Kyl and other party members to introduce legislation that would eliminate the first installment of $1.2 trillion in automatic spending reductions over a decade.

          Republicans push to stop automatic U.S. spending cuts - Yahoo! News
          Since the Democratic party is about shrinking government, tax cuts, and is strong on foreign policy I must ask the question: doesn't this mean that the Republican Party only stands for opposing Democrats?

          If Republicans nominate Mitt Romney then that means that the Republicans stand for big government, increased taxes, government mandates to healthcare, and job outsourcing.

          מה מכילות החדשות?


          • #6
            Re: Automatic Spending Cuts on Hold

            Originally posted by AjaxPress View Post
            Since the Democratic party is about shrinking government, tax cuts, and is strong on foreign policy I must ask the question: doesn't this mean that the Republican Party only stands for opposing Democrats?
            Where did you ever get the Democratic party is about shrinking government? Not that the Republicans are seemingly interested in making it smaller either.

            מה מכילות החדשות?


            • #7
              Re: Automatic Spending Cuts on Hold

              Beyond belief. Instead of cutting money from a military which just about all experts, including many in the military, are now seeing as largely obsolescent and bloated we should cut badly needed Federal workers (which will surely open up more gaps in the "safety net" which Romney wants to fix ) and add to joblessnes by 100,000. Unless you can tell me how another aircraft carrier will put 100,000 people back to work (I know it takes some thousands to build one but sure ly not 100,000) then I don't see how the Republicans can make it any clearer that the ONLY people they seem to think they represent are fat cat military contractors

              מה מכילות החדשות?


              • #8
                Re: Automatic Spending Cuts on Hold

                Originally posted by wooyarn View Post
                We're set for yet another battle over spending cuts. The Republicans are trying to stop them from happening.

                Wide-ranging U.S. spending cuts set to kick in next year for domestic and military programs would be scrapped by a proposal that some top Republicans plan to outline on Thursday.

                Senator John McCain has joined forces with assistant Senate Republican leader Jon Kyl and other party members to introduce legislation that would eliminate the first installment of $1.2 trillion in automatic spending reductions over a decade.

                Republicans push to stop automatic U.S. spending cuts - Yahoo! News
                From the article...
                Many Republican lawmakers do not like the blunt approach to deficit reduction. The bill unveiled by John McCain, the top Republican on the Senate Armed Services Committee, John Kyl, the No. 2 Republican in the Senate, and four fellow senators would scrap the first installment of the cuts.

                Under the measure, about $127 billion would be saved by scaling back the 2 million-strong federal civilian workforce through attrition and freezing its pay.

                A 5 percent cut in personnel would translate to about 100,000 jobs. Agencies would only be able to hire two people for every three who retire or leave government employment.

                "I believe that the cuts ... aimed at the Department of Defense are a threat to our nation's security and we are opposed to that draconian action," McCain said at a news conference.

                But his bill faces an uphill battle in the Senate. Democrats insist on a "balanced" approach to deficit reduction that includes both spending cuts and tax increases on the wealthy.

                Many also oppose a provision in the bill that would continue a pay freeze for federal workers through mid-2014. The current freeze expires at the end of this year and President Barack Obama has proposed a 0.5 percent pay increase next year.
                This is really core to the issue, and honestly what is wrong with the hill these days. It is not about who is and who is not fiscally responsible as they are all retarded. This article, and McCain's efforts, is about where cuts are targeted, not removing them entirely. The partisan nonsense that shows up is typical of military spending cuts vs. other department spending cuts. Each party has those it wishes to protect at the expense of fiscal responsibility. Threaten the military with cuts and the right screams out "draconian." Threaten other departments with cuts and the left shows up with "we will not be able to breath or educate our kids." It is all nonsense and why nothing will get done for years to come in terms of fiscal policy. The honest truth is all these departments need cuts including the military, yet both parties will throw out fiscal responsibility for partisan reasons all the while debt continues to climb.

                מה מכילות החדשות?


                • #9
                  Re: Automatic Spending Cuts on Hold

                  Technically they arent spending cuts. They are cuts in the growth of spending. The deal that was reached was based on a baseline of spending INCREASING over the next ten years, and the deal would lower the future spending assumptions.

                  End result, hold the 'cut's, dont hold the 'cuts', spending still goes up either way.

                  מה מכילות החדשות?


                  • #10
                    Re: Automatic Spending Cuts on Hold

                    Originally posted by jviehe View Post
                    Technically they arent spending cuts. They are cuts in the growth of spending. The deal that was reached was based on a baseline of spending INCREASING over the next ten years, and the deal would lower the future spending assumptions.

                    End result, hold the 'cut's, dont hold the 'cuts', spending still goes up either way.
                    Unfortunate that it comes to this sort of technicality to avoid talking about fiscal responsibility, which neither party can claim it represents.

                    מה מכילות החדשות?


                    • #11
                      Re: Automatic Spending Cuts on Hold

                      For the final alternative scenario, CBO projected what
                      would occur if lawmakers canceled the automatic
                      enforcement procedures for discretionary spending
                      specified in the Budget Control Act. Those automatic
                      procedures will reduce discretionary (and mandatory)
                      spending beginning in fiscal year 2013 and continuing
                      through 2021 (see Table 3-6 on page 76). If, instead,
                      lawmakers chose to prevent those automatic cuts to
                      discretionary spending each year, outlays would be
                      $845 billion (or about 7 percent) higher over the 2013–
                      2022 period than the amount projected in CBO’s
                      baseline.
                      Spending with debt deal

                      2012 3.60t
                      2013 3.57t
                      2014 3.65t
                      2015 3.83t
                      2016 4.08t

                      Add 80 billion per year without the debt deal. Either way, add another 5 trillion in debt. CBO is also assuming taxes are going to go way up, that govt will let expire all the temporary cuts.

                      מה מכילות החדשות?


                      • #12
                        Re: Automatic Spending Cuts on Hold

                        Originally posted by Sluggo View Post
                        Unfortunate that it comes to this sort of technicality to avoid talking about fiscal responsibility, which neither party can claim it represents.
                        Correct, none of this means anything unless they figure out how to balance the budget immediately. All they are doing is moving around pennies on the dolllar.

                        מה מכילות החדשות?


                        • #13
                          Re: Automatic Spending Cuts on Hold

                          Ajax
                          Since the Democratic party is about shrinking government, tax cuts, and is strong on foreign policy I must ask the question: doesn't this mean that the Republican Party only stands for opposing Democrats?
                          The only government democrats show any enthusiasm for shrinking is in defense spending.

                          The only "tax cuts" they believe in are those which are either letting people off the hook for paying for a program, the benefits paid out of which has always been defended on the basis that the people who receive the benefits PAID for them (in otherwords, the no longer expect future recipients to fund their own future benefits fully--not that they ever have to begin with but they make it worse with the payroll tax cuts), or are actually spending administered through the tax code (tax credits where you only get it if you do with it what they want you to, for example).

                          "Strong foreign policy", is only possible if you are seen as LEADING, not FOLLOWING; and willing to use overwhelming force if neccessary (ask if the Iranians are more afraid of being attacked by us, or the Israeli's, and which countries foreign policy is more likey to actually avert a nuclear Iran).

                          מה מכילות החדשות?


                          • #14
                            Re: Automatic Spending Cuts on Hold

                            DNC Platform

                            Party Platform | Democrats.org

                            No mention of shrinking govt. They do mention tax cuts for the middle class, but cancel that out with tax increases on the rich. Its a minor part of the platform, so hard to claim its what the democrats are "about". Based on their planks, they claim to be about helping the middle class, global leadership, community, and democracy.

                            So, strong foreign policy is the only one you could make a case for. Its obvious their focus IS NOT smaller got, lower taxes. Their method of help is govt programs.

                            מה מכילות החדשות?


                            • #15
                              Re: Automatic Spending Cuts on Hold

                              The automatic cuts were supposed to be so terrible that the Democrats would agree to anything the GOP proposed, they were never supposed to happen, so the GOP didn't focus on what was in them.
                              What the GOP missed is that the automatic cuts impacted their constituencies far more than they impacted the Democratic constituencies. This is because the GOP has been the party of pork for decades, and has changed the balance from where every state got back close to what they paid in federal taxes, to one where most Blue states get less, and most Red states get more than they pay in taxes.
                              It's the pork barrel projects that will get cut, and that will be mostly in the Red states.
                              Which is why the GOP is so anxious to put all this on hold, rather than face an election where major cuts in spending are being announced all over their districts.

                              מה מכילות החדשות?

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