News / USA

Automatic US Budget Cuts to Begin Friday

Members of Congress Unable to Forestall Automatic Spending Cutsi
X
March 01, 2013 1:15 AM
Automatic U.S. government spending cuts are beginning [today/Friday] amid continued political gridlock in Washington -- which is preventing the adoption of less-painful paths to deficit reduction. As VOA’s Michael Bowman reports, last-ditch alternatives to the sequester were defeated in the Senate, and future budget negotiations will go forward with across-the-board austerity already in place.

Members of Congress Unable to Forestall Automatic Spending Cuts

Michael Bowman
Automatic U.S. government spending cuts are set to kick in amid continued political gridlock as last-ditch alternatives to the so-called "sequester" were defeated in the Senate.
 
“Can we not at least come to some agreement to prevent this," asked Senator John McCain (R-Ariz.), echoing fellow U.S. lawmakers who seemed stunned by their own inability to act in response to the imminent sequester.
 
The answer for now: no.
 
Democrats proposed replacing the sequester’s cuts-only approach with a mix of targeted spending reductions and higher tax revenues, but Republicans objected.
 
“Look, the American people simply will not accept replacing spending cuts agreed to by both parties with tax hikes," said Senate Minority Leader Mitch McConnell (R-Ky.).
 
Republicans proposed maintaining the total amount of spending cuts — $85 billion this year — but giving President Obama flexibility in implementing them, prompting objections from Democrats.
 
“Why would they — the Republicans  — part of the legislative branch of government, cede more power to the White House?" asked Senate Majority Leader Harry Reid (D-Nev.) "Republicans should give Congress true flexibility. Flexibility to cut wasteful subsidies, flexibility to close unnecessary tax loopholes, and flexibility to ask the richest of the rich to contribute a little bit more.”
 
While blocking alternatives to the sequester, senators also took turns blasting it.
 
“God, if we cannot do better than that, all of us should be fired," said Republican Lindsey Graham (R-SC), decrying cuts to the military budget. "Fire the politicians, keep the soldiers."
 
Democrat Richard Durbin (D-Ill.) denounced the idea of implementing austerity while the economy remains weak.
 
“Cutting spending at this moment in time means cutting jobs at this moment in time, which means fewer people paying income taxes and more people drawing government benefits," he said. "That is not a recipe for economic expansion.”
 
Next up is a meeting Friday between President Barack Obama and congressional leaders. White House spokesman Jay Carney is making no prediction of a breakthrough
 
“There are no preconditions to a meeting like this," Carney said. "This is a meeting with the president … any topic is up for discussion if one member of the group decides he or she wants to broach it.”
 
Obama, who has implored Congress to act, has repeatedly warned the sequester will hobble critical government functions, causing harm, pain and inconveniences. Senator McConnell, who will be at the White House meeting, derided the president’s warnings.
 
“Instead of directing his secretaries to trim waste in their departments, he is going after first responders, teachers, and almost any other sympathetic constituency you can think of … all to force Americans to accept higher taxes," McConnell said. "And he will claim his hands are tied, and somehow it will be everybody’s fault but his. Nonsense.”
 
Once the sequester takes hold, the American people will likely weigh in on its effects — quite possibly assigning blame. Leaders on both sides of the aisle hope blame falls on the other party.

You May Like

Video On The Scene: In Gaza, Darkness Brings Dread and Death

Palestinians fear nighttime bombardment, VOA correspondent finds More

African Small Farmers Could Be Key to Ending Food Insecurity

Experts say providing access to microloans, crop insurance, better storage facilities, irrigation, road systems and market information could enable greater production More

University of Michigan Wins Solar Car Race

Squad guided its student-designed solar-powered vehicle to fifth consecutive time victory in eight-day bi-annual American Solar Challenge More

This forum has been closed.
Comment Sorting
Comments
     
by: Jacob from: United States
March 03, 2013 8:30 PM
Next we cut 8 trillion dollars. Then we can get this Greece-bound nation on the right track. Otherwise, I am moving to Canada and then to Russia/China.

Debtor nations can't sustain themselves on more debt. Keynesian nonsense doesn't create wealth.


by: dwight from: dc
March 01, 2013 12:02 AM
christopher: what a retarded post. the key to "wealth" is a free economy which lets people live how they want, and buy and trade what they. want. taking people's property (aka taxes) does not "create wealth". people like you need to learn to mind your own business and stop interfering with other people's lives in an attempt to better your own.


by: Done Deal from: USA
February 28, 2013 10:25 PM
While one side blames the other, why are not the Global Elites who PLANNED all of this questioned???? The Rockefellers, The Bilderbergs, The Clintons......................The Global Elites. IT WAS ALL PLANNED! Wake up to the FACTS.


by: Planned from: USA
February 28, 2013 10:18 PM
Wake up people! This was all PLANNED by the Regime, so that the rank&file will have to lay down like lambs to the Regime. "The Regime will protect you, the Regime will protect you", their next plan is to microchip all people by 2017, a plan in force by the Global Elites, The Rockefellers, The Clintons, and the Bilderbergs..... the Elites.....Eugenics is their plan too. Wake up to reality.


by: hewhoasks from: Wisconsin
February 28, 2013 7:15 PM
One rejected, one filibustered.


by: Davis K. Thanjan from: New York
February 28, 2013 6:56 PM
The Republican proposal, to give power to the discretion of the President to budget cuts as per the sequestration requirements, was defeated. The Democratic proposal tried to mix the sequestion budget cuts with tax hikes, mixing oranges and apples, also failed. Both were defeated and it is a win for the public but not to the politicians or the President. The sequestration budget cuts should involve salary cut of the members of the Congress, Senate and the President, President's discretionary spending and stop the overseas financial and military assistance to countries like Egypt and Pakistan.


by: Christopher Tracy
February 28, 2013 6:50 PM
For a party that claims to be business-friendly, the GOP has no clue on how to create wealth. Rich people get that way by watching expenses and making wise investments. No one cuts their way to prosperity. One must invest. According to the GOP, there's no such thing as a wise government investment).

Why are Democrats sounding so logical and fiscally sophisticated? Maybe it has to do with the fact they are the only party in 50 years to have created a budget surplus (Clinton 1999 for you skeptics). Or maybe it's all relative. Compared to this crop of Republicans, anybody who knows math is a financial wizard.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid