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

Photogallery Americans Celebrate Thanksgiving With Feasts, Festivities

Holiday traditions include turkey dinners, 'turkey trots,' American-style football and New York parade with giant balloons More

Video For Obama, Ferguson Violence is a Personal Issue

With two years left in term, analysts say, president has less to lose by taking conversation on race further More

Video Italian Espresso Expands Into Space

When Italian astronaut Samantha Cristoforetti headed for the ISS, her countrymen worried how she would survive six months drinking only instant coffee 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.
South Africa Sees Male Circumcision as Way to Reduce HIV Infectionsi
X
November 28, 2014 3:31 PM
South Africa remains plagued by AIDS despite massive government and NGO efforts on prevention and life-sustaining Anti-Retro-Viral programs. But the country has opened up another front to reduce new HIV infections: promoting circumcision. Emilie Iob reports for VOA News from a pioneering circumcision center in Orange Farm, Johannesburg.
Video

Video South Africa Sees Male Circumcision as Way to Reduce HIV Infections

South Africa remains plagued by AIDS despite massive government and NGO efforts on prevention and life-sustaining Anti-Retro-Viral programs. But the country has opened up another front to reduce new HIV infections: promoting circumcision. Emilie Iob reports for VOA News from a pioneering circumcision center in Orange Farm, Johannesburg.
Video

Video To Make A Living, Nairobi Street Vendors Face Legal Hurdles, Physical Violence

The Nairobi City Council has been accused of brutality in dealing with hawkers in the Central Business District - in order to stop them from illegally selling their wares on the streets. Lenny Ruvaga has more for VOA News from the Kenyan capital.
Video

Video For Obama, Ferguson Violence is a Personal Issue

Throughout the crisis in Ferguson, Missouri, President Barack Obama has urged calm, restraint and respect for the rule of law. But the events in Ferguson have prompted him to call — more openly than he has before — for profound changes to end the racism and distrust that he believes still exists between whites and blacks in the United States. VOA White House correspondent Luis Ramirez reports.
Video

Video Online Magazine Gets Kids Discussing Big Questions

Teen culture in America is often criticized for being superficial. But an online magazine has been encouraging some teenagers to explore deeper issues, and rewarding their efforts. VOA religion reporter Jerome Socolovsky went to this year’s Kidspirit awards ceremony in New York.
Video

Video US Community Kicks Off Thanksgiving With Parade

Thursday is Thanksgiving in the United States, a holiday whose roots go back to the country's earliest days as a British colony. One way Americans celebrate the occasion is with parades. Anush Avetisyan takes us to one such event on the day before Thanksgiving near Washington, where a community's diversity is on display. Joy Wagner narrates
Video

Video Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Change

Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Mali Attempts to Shut Down Ebola Transmission Chain

Senegal and Nigeria were able to stop small Ebola outbreaks by closely monitoring those who had contact with the sick person and quickly isolating anyone with symptoms. Mali is now scrambling to do the same. VOA’s Anne Look reports from Mali on what the country is doing to shut down the chain of transmission.
Video

Video Ukraine Marks Anniversary of Deadly 1930s Famine

During a commemoration for millions who died of starvation in Ukraine in the early 1930s, President Petro Poroshenko lashed out at Soviet-era totalitarianism for causing the deaths and accused today’s Russian-backed rebels in the east of using similar tactics. VOA’s Daniel Shearf reports from Kyiv.
Video

Video Hong Kong Protests at a Crossroads

New public opinion polls in Hong Kong indicate declining support for pro-democracy demonstrations after weeks of street protests. VOA’s Bill Ide in Guangzhou and Pros Laput in Hong Kong spoke with protesters and observers about whether demonstrators have been too aggressive in pushing for change.
Video

Video US Immigration Relief Imminent for Mixed-Status Families

Tens of thousands of undocumented immigrants in the Washington, D.C., area may benefit from a controversial presidential order announced this week. It's not a path to citizenship, as some activists hoped. But it will allow more immigrants who arrived as children or who have citizen children, to avoid deportation and work legally. VOA's Victoria Macchi talks with one young man who benefited from an earlier presidential order, and whose parents may now benefit after years of living in fear.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.

All About America

AppleAndroid