Tuesday, February 19, 2013

This Is Good News

From Jamie Dupree: With less than two weeks until $85 billion in automatic budget cuts hit the U.S. Government, don't expect much from Congress on the subject this week, as the House and Senate are not in session. Lawmakers will return to the U.S. Capitol on February 25.
Senators may vote later that week on competing plans from the two parties to deal with the cuts, but there is no guarantee that anything will be passed by the Senate.
House GOP leaders have said they won't act on anything until the Senate does.
So, with this timeout in the action, let's take a quick look at what both parties would do at this point.
House Republicans acted last year on the sequester, voting two different times to approve a bill that would roll back scheduled cuts in the military and domestic programs and shift them instead to entitlement programs, cuts in the Obama health reform law, as well as a move to force federal employees and members of Congress to chip in more money for their retirement pensions.
You can see the full details of that House sequester bill, which was approved last May, at http://www.gop.gov/bill/112/2/hr5652.>No Democrats voted for that bill in the House, while 16 Republicans voted it against the plan as well.
In other words, the House GOP plan isn't exactly seen as having bipartisan drawing power.  http://www.wsbradio.com/weblogs/jamie-dupree/2013/feb/18/congress-takes-break-cuts-loom/
What I hope for is that the big budgets happen and if any needed items in the cuts need to be replaced, Congress will impose those funds.
But remember, these "budget cuts" aren't really cuts, for the most parts, they are just are cuts to the increases that are automatically added to the budget each year.
Each year, all federal budgets are automatically increased at a specific rate, so when the politicians say they cut the budget, most of the times, the cuts are just cuts to the automatic budget increases.
So, if the "budget cuts" go through, it will be no big deal, even though politicians and those who have their increases slashed will bitch and moan how hard their budgets were cut.
Welcome to the real world, where real budgets in the private sector have really been cut.

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