The so-called sequester (AKA Tea Party austerity) is now inevitable, in that a deal between the Repubs and the Dems could not be reached. Therefore deep across the board cuts will soon be implemented.
| When does sequestration start? (excerpt from a Politico 2/28/13 article by Darren Samuelsohn) The law requiring $1.2 trillion in across-the-board spending cuts is a bit vague on when the budget cuts begin. It only says March 1. So, the White House Office of Management and Budget has until 11:59 p.m. Friday to actually issue the official sequestration notice that starts the entire process. That’s when OMB will simultaneously transmit a report to Congress detailing cuts in every affected agency’s budget account. President Barack Obama must actually issue an order to trigger OMB's actions. |
Looks like the Republicans are determined to crash the economy so they can blame it on Obama.
No comments:
Post a Comment