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

Mali's Female Basketball Players Rebound After Islamist Occupation

Islamist extremists ruled northern Mali for most of 2012, imposing strict Sharia law, and now some 18 months later, the region is slowly getting back on its feet More

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

Many Chinese-made products go unsold, for now, with numerous Vietnamese consumers still angry over recent dispute More

Koreas Mark 61st Anniversary of War Armistice

Muted observances on both sides of heavily-armed Demilitarized Zone that separates two decades-long enemies 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.
Students in Business for Themselvesi
X
Mike O'Sullivan
July 26, 2014 11:04 AM
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 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.
Video

Video Not Even Monks Spared From Thailand’s Junta-Backed Morality Push

With Thailand’s military government firmly in control after May’s bloodless coup, authorities are carrying out plans they say are aimed at restoring discipline, morality and patriotism to all Thais. The measures include a crackdown on illegal gambling, education reforms to promote students’ moral development, and a new 24-hour phone hotline for citizens to report misbehaving monks. Steve Sandford reports from Bangkok.
Video

Video Virtual Program Teaches Farming Skills

In a fast-changing world beset by unpredictable climate conditions, farmers cannot afford to ignore new technology. Researchers in Australia are developing an online virtual world program to share information about climate change and more sustainable farming techniques for sugar cane growers. As VOA's Zlatica Hoke reports, the idea is to create a wider support network for farmers.
Video

Video Airline Expert: Missile will Show Signature on Debris

The debris field from Malaysia Airlines Flight 17 is spread over a 21-kilometer radius in eastern Ukraine. It is expected to take investigators months to sort through the airplane pieces to learn about the missile that brought down the jetliner and who fired it. VOAs Carolyn Presutti explains how this work will be done.
Video

Video Treatment for Childhood Epilepsy Heats up Medical Marijuana Debate

In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Airbus Adds Metal 3D Printed Parts to New Jets

By the end of this year, European aircraft manufacturing consortium Airbus plans to deliver the first of its new, extra-wide-body passenger jets, the A350-XWB. Among other technological innovations, the new plane will also incorporate metal parts made in a 3-D printer. VOA's George Putic has more.
Video

Video AIDS Conference Welcomes Exciting Developments in HIV Treatment, Prevention

Significant strides have been made in recent years toward the treatment and prevention of HIV, the virus that causes AIDS. This year, at the International AIDS Conference, the AIDS community welcomed progress on a new pill that may prevent transmission of the deadly virus. VOA’s Anita Powell reports from Melbourne, Australia.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.

AppleAndroid