News / USA

US Days Away from Austerity on Autopilot

Senator Claire McCaskill,  Jan. 31, 2013.
Senator Claire McCaskill, Jan. 31, 2013.
Michael Bowman
The United States is days away from automatic, across-the-board federal spending cuts that would impact everything from national security to air traffic controllers to food inspection.  Republicans and Democrats are criticizing the budget sequester, but they show no sign of forging a bipartisan deal to avert it.

Unless Congress acts, $85 billion will be trimmed from U.S. military and domestic spending this year, the first installment of $1.2 trillion of cuts over a 10-year period.

“I think it will kick in [take effect]," said Senator Claire McCaskill.

Democratic Senator Claire McCaskill says her party is in agreement with President Barack Obama that a substitute for the sequester should be enacted, comprised of targeted spending cuts and revenue increases. Speaking on the Fox News Sunday television program, McCaskill said the Senate will take up the measure.

“We will vote on something this week, and it will be a balanced approach. It will do both spending cuts and it will close some [tax] loopholes," she said.

Republicans, who control the House of Representatives, oppose any measure that increases tax revenue. Republican Senator Tom Coburn says the key to fixing America’s fiscal woes is to curb runaway federal spending.

“Look, the federal government is twice the size it was 11 years ago," said Coburn. "Sequestration is a terrible way to cut spending. It will be somewhat painful. But not cutting spending is going to be disastrous for our country.”

While championing spending cuts in general, some Republicans are uncomfortable with the sequester’s impact on U.S. armed forces. The state of Virginia is home to significant military installations, and its Republican governor, Bob McDonnell, spoke on CBS’ Face the Nation program.

“You have to cut, because we are in bad [fiscal] shape, almost $17 trillion in debt now," said McDonnell. "But do not put 50 percent of the cuts on defense, our men and women in uniform, while we are still fighting a war in Afghanistan. That is not the right way.”

Democrats counter that unless tax revenues increase, the only way to shield military spending while maintaining overall deficit reduction targets is to extract even greater cuts from domestic programs on which many Americans rely. An example of the impact of those cuts was provided by President Obama’s education secretary, Arne Duncan, who also appeared on Face the Nation.

“The vast majority of federal [education] money goes to help vulnerable children," said Duncan. "Whether it is children with special needs, poor children, it just means a lot more children will not get the kinds of services and opportunities they need. And as many as 40,000 teachers could lose their jobs.”

In this latest round of fiscal brinksmanship, a stalemate has emerged. Republicans dislike the sequester, but see it as preferable to the revenue hikes proposed by Democrats. Democrats also dislike the sequester, but are even more opposed to Republican cuts-only formulations that would subject domestic programs to even greater spending reductions. Unless the stalemate is broken in the coming days, the sequester will go into effect beginning Friday.

You May Like

Karzai's Legacy: Missed Opportunities?

Afghanistan's president leaves behind a much different nation than the one he inherited, yet his legacy from 13 years in power is getting mixed reviews More

Video Secret Service Chief Under Fire for White House Security Breach

Julia Pierson faces tough questions from lawmakers after recent intrusion at White House, says: 'It is clear that our security plan was not executed properly' More

Frustrated, Liberian Students Want Ebola Fight Role

Thousands have volunteered to go to counties, rural villages to talk to people in their language about deadly virus More

This forum has been closed.
Comment Sorting
Comments
     
by: NVO from: USA
February 24, 2013 7:47 PM
The plan is to fully implement the New World Order, that will control EVERY ASPECT OF YOUR LIFE. The Regime just wont tell the duped public.DON'T BE DECEIVED.


by: Davis K. Thanjan from: New York
February 24, 2013 6:16 PM
The President Obama did not even consider the bipartisan committee's recommendations to balance the US budget. Obama is responsible for the sequestration since he did not even consider the bipartisan recommendations to balance the budget. The Democrats, Republicans and the President are against sequestration. They are the ones that created sequestration rule because none of them can find a common ground to selectively cut any public programs or government spending. Under these circumstances sequestration is the only solution. Any attempt to circumvent sequestration is a national disgrace.

Even though there is nothing in sequestration to raise taxes, in addition to cutting 1.2 trillion dollars in the next 10 years, it is necessary to raise more revenue by deleting all exemptions and loopholes, without increasing the tax rate. Just like the sequetration without discrimination, all tax exemptions and loopholes should be stopped without discrimination for a sound US economy. That will be the first step for a standard uniform tax rate for all citizens. May be a tax exemption for the poor and a tax deduction to all for the same amount of tax exemption for the poor. Simplification of the US tax codes is as important as the balancing of the budget.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Malaysia Struggles to Stop People Joining Jihadi
X
Mahi Ramakrishnan
September 30, 2014 2:16 PM
Malaysian authorities say militant groups like the so-called "Islamic State" have used social media to entice at least three dozen Malaysian Muslims to fight in what they call "jihad" in Syria and Iraq. As Mahi Ramkrishnan reports from Kuala Lumpur, counterterrorism police are deeply worried about what could happen when these militants return home.
Video

Video Malaysia Struggles to Stop People Joining Jihad

Malaysian authorities say militant groups like the so-called "Islamic State" have used social media to entice at least three dozen Malaysian Muslims to fight in what they call "jihad" in Syria and Iraq. As Mahi Ramkrishnan reports from Kuala Lumpur, counterterrorism police are deeply worried about what could happen when these militants return home.
Video

Video Could US Have Done More to Stop Rise of Islamic State?

President Obama says airstrikes against Islamic State militants in Syria will likely continue for some time because, in his words, "there is a cancer that has grown for too long." So what if President Obama had acted sooner in Syria to arm more-moderate opponents of both the Islamic State and the Syrian government? VOA State Department Correspondent Scott Stearns reports from the United Nations.
Video

Video Treasure Hunters Seek 'Hidden Treasure' in Central Kenya

Could a cave in a small village in central Kenya be the site of buried treasure? A rumor of riches, left behind by colonialists, has some residents dreaming of wealth, while others see it as a dangerous hoax. VOA's Gabe Joselow has the story.
Video

Video Iran's Rouhani Skeptical on Syria Strikes

Iranian President Hassan Rouhani expressed skepticism Friday that U.S.-led airstrikes in Iraq and Syria could crush Islamic State militants. From New York, VOA’s Margaret Besheer reports the president was also hopeful that questions about Iran’s nuclear program could be resolved soon.
Video

Video US House Speaker: Congress Should Debate Authorization Against IS

As wave after wave of U.S. airstrikes target Islamic State militants, the speaker of the Republican-controlled House of Representatives says he would be willing to call Congress back into session to debate a formal, broad authorization for the use of military force. VOA’s Michael Bowman reports from Washington, where legislators left town 10 days ago for a seven-week recess.
Video

Video Ebola Patients Find No Treatment at Sierra Leone Holding Center

At a holding facility in Makeni, central Sierra Leone, dozens of sick people sit on the floor in an empty university building. They wait in filthy conditions. It's a 16-hour drive by ambulance to Kailahun Ebola treatment center. Adam Bailes was there and reports on what he says are some of the worst situations he has seen since the beginning of this Ebola outbreak. And he says it appears case numbers may already be far worse than authorities acknowledge.
Video

Video Identifying Bodies Found in Texas Border Region

Thousands of immigrants have died after crossing the border from Mexico into remote areas of the southwestern United States in recent years. Local officials in south Texas alone have found hundreds of unidentified bodies and buried them in mass graves in local cemeteries. Now an anthropologist and her students at Baylor University have been exhuming bodies and looking for clues to identify them. VOA’s Greg Flakus has more from Waco, Texas.
Video

Video Ebola Robs Liberians of Chance to Say Good-Bye to Loved Ones

In Liberia, where Ebola has killed more than 1,500 people, authorities have worked hard to convince people to allow specialized burial teams to take away dead bodies. But these safety measures, while necessary, make it hard for people to say good bye to their loved ones. VOA's Anne Look reports on the tragedy from Liberia.
Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.

AppleAndroid