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

Conflicts Engulf Christians in Mideast

Research finds an increase in faith-based hostilities, and Christians are facing persecution in a growing number of countries in the region More

Chinese Americans: Don’t Call Us 'Model Minority'

Label points to collective achievement, but some say it triggers resentment, unrealistic expectations More

Iran Bolsters Phone, Internet Surveillance

Does increased monitoring suggest the government is nervous? 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.
West Africa Ebola Vaccine Trials Possible by Early 2015i
X
Carol Pearson
August 30, 2014 7:14 PM
A U.S. health agency is speeding up clinical trials of a possible vaccine against the deadly Ebola virus that so far has killed more than 1,500 people in West Africa. If successful, the next step would be a larger trial in countries where the outbreak is occurring. VOA's Carol Pearson has more.
Video

Video West Africa Ebola Vaccine Trials Possible by Early 2015

A U.S. health agency is speeding up clinical trials of a possible vaccine against the deadly Ebola virus that so far has killed more than 1,500 people in West Africa. If successful, the next step would be a larger trial in countries where the outbreak is occurring. VOA's Carol Pearson has more.
Video

Video Survivors Commemorate 70th Anniversary of Nazi Liquidation of Polish Ghetto

When the Nazi army moved into the Polish city of Lodz in 1939, it marked the beginning of a long nightmare for the Jewish community that once made up one third of the population. Roughly 200,000 people were forced into the Lodz Ghetto. Less than 7,000 survived. As VOA’s Kane Farabaugh reports, some survivors gathered in Chicago on the 70th anniversary of the liquidation of the Lodz Ghetto to remember those who suffered at the hands of the Nazi regime.
Video

Video Cost to Raise Child in US Continues to Rise

The cost of raising a child in the United States continues to rise. In its latest annual report, the U.S. Department of Agriculture says middle income families with a child born in 2013 can expect to spend more than $240,000 before that child turns 18. And sending that child to college more than doubles that amount. VOA’s Deborah Block visited with a couple with one child in Alexandria, Virginia, to learn if the report reflects their lifestyle.
Video

Video Chaotic Afghan Vote Recount Threatens Nation’s Future

Afghanistan’s troubled presidential election continues to be rocked by turmoil as an audit of the ballots drags on. The U.N. says the recount will not be completed before September 10. Observers say repeated disputes and delays are threatening the orderly transfer of power and could have dangerous consequences. VOA correspondent Meredith Buel reports.
Video

Video Ukraine Battles Pro-Russia Rebel Assault

After NATO concluded an emergency meeting to discuss the crisis in eastern Ukraine, the country is struggling to contain heavy fighting near the strategic port of Mariupol, on the Azov Sea. Separatist rebels are trying to capture the city, allegedly with Russian military help, and Ukraine's defense forces are digging in. VOA's Daniel Schearf spoke with analysts about what lies ahead for Ukraine.
Video

Video Growing Business Offers Paint with a Twist of Wine

Two New Orleans area women started a small business seven years ago with one thing in mind: to help their neighbors relieve the stress of coping with a hurricane's aftermath. Today their business, which pairs painting and a little bit of wine, has become one of the fastest growing franchises across the U.S. VOA’s June Soh met the entrepreneurs at their newest franchise location in the Washington suburbs.
Video

Video Ebola Vaccine Trials To Begin Next Week

The National Institutes of Health says it is launching early stage trials of a vaccine to prevent the Ebola virus, which has infected or killed thousands of people across West Africa. The World Health Organization says Ebola could infect more than 20,000 people across the region by the time the outbreak is over. The epidemic has health experts and governments scrambling to prevent more people from becoming infected. Zlatica Hoke has more.
Video

Video Asian Bacteria Threatens Florida Orange Trees

Florida's citrus fruit industry is facing a serious threat from a bacteria carried by the Asian insect called psyllid. The widespread infestation again highlights the danger of transferring non-native species to American soil. VOA’s George Putic reports.
Video

Video Aging Will Reduce Economic Growth Worldwide in Coming Decades

The world is getting older, fast. And as more people retire each year, fewer working-age people will be there to replace them. Bond rating agency Moody’s says that will lead to a decline in household savings; reducing global investments - which in turn, will lead to slower economic growth around the world. But experts say it’s not too late to mitigate the economic impact of the world’s aging populations. Mil Arcega has more.
Video

Video Is West Doing Enough to Tackle Islamic State?

U.S. President Barack Obama has ruled out sending ground troops to Iraq to fight militants of the so-called Islamic State, or ISIS, despite officials in Washington describing the extremist group as the biggest threat the United States has faced in years. Henry Ridgwell reports from London on the growing uncertainty over whether the West’s response to ISIS will be enough to defeat the terrorist threat.
Video

Video Coalition to Fight Islamic State Could Reward Assad

The United States along with European and Mideast allies are considering a broader assault against Islamic State fighters who have spread from Syria into Iraq and risk further destabilizing an already troubled region. But as VOA State Department Correspondent Scott Stearns reports, confronting those militants could end up helping the embattled Syrian President Bashar al-Assad.
Video

Video Made in America Socks Get Toehold in Online Fashion Market

Three young entrepreneurs are hoping to revolutionize the high-end sock industry by introducing all-American creations of their own. And they’re doing most of it the old-fashioned way. VOA’s Julie Taboh recently caught up with them to learn what goes into making their one-of-a-kind socks.
Video

Video Americans, Ex-Pats Send Relief Supplies to West Africa

Health organizations from around the world are sending supplies and specialists to the West African countries that are dealing with the worst Ebola outbreak in history. On a smaller scale, ordinary Americans and African expatriates living in the United States are doing the same. VOA's Carol Pearson reports.

AppleAndroid