‘Sequester’ Fearmongering by Obama and Republicans
by Mike Shedlock
MISH’S Global Economic Trend Analysis
Republicans don’t want military spending and Democrats don’t want cuts in social programs. The best thing to do would be doubling or tripling the cuts, but compromise tends to work in the other direction.
Thus one should not be surprised by this can-kicking idea: Republicans Propose Job Freeze to Avert Defense Cuts
Republican members of the House and Senate Armed Services committees revived a proposal to avert automatic spending cuts by reducing the federal workforce through attrition and freezing congressional salaries.
The legislation would save $85 billion through Sept. 30, the same amount as the across-the-board cuts that would be divided between defense and domestic programs, said Senator Kelly Ayotte of New Hampshire. She was among lawmakers presenting the plan at a news conference Wednesday in Washington.
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2013-02-10 21:32:00
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