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Obama Enacts Order On Cuts

Both sides refuse to budge on $85 billion spending reduction

March 2, 2013

WASHINGTON (AP) — Gridlocked once more, President Barack Obama and Republican congressional leaders refused to budge in their budget standoff Friday as $85 billion in across-the-board spending cuts......

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(46)

oldsteelmaker

Mar-05-13 10:13 AM

Wraith, shame on you, besmirching the fine upstanding Neanderthalers by comparing them with Armen!

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promo61

Mar-04-13 12:16 PM

Most surprising line in this article: "Obama formally enacted the reductions a few hours before the midnight deadline required by law."

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daWraith

Mar-04-13 7:53 AM

Sequestration is NOW ON!

uhhhh Did the WORLD come to an this morning??

I don't notice anything different.

Is it POSSIBLE that the government can lose one PENNY from EACH DOLLAR of spending and not notice it???

"The Mack Penny Plan would balance the federal budget in eight years by cutting one penny out of every federal dollar spent for six years and capping spending at 18% of GDP beginning in the seventh year. If Congress fails to make the necessary cuts, the plan triggers automatic, across-the-board cuts to meet the yearly caps.

All told, The Mack Penny Plan would save taxpayers $7.5 trillion over the next decade, and ensure our children inherit America’s promise of freedom, security and prosperity."

So simple, even a CAVEMAN could understand it!!!!!

(Guess that leaves out Are_men_tazerianed.)

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mikeyd

Mar-04-13 7:37 AM

cut from the americans and give to the egyptians.stupid government.

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LogHog

Mar-04-13 4:29 AM

Barry's man in Egypt,John Kerry, just gave them a 250million Us dollar check from the "rich taxpayers" while barry trys to scare the US people about his polices that he blames on others....the best US president the Muslim Brotherhood ever had. Sequester spending?

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ArmenTamzarian

Mar-03-13 9:08 PM

Dfence cuts are great - no more killin all the black people in the worlds. N coal isn't gonna kill my baby's lungs nemore, so screw all you dirty coalminers. Soon we can put all the republicans in jail wher they beelong.

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daWraith

Mar-03-13 8:44 PM

Charmin'Armen, I HOPE you are joking, otherwise if you REALLY believe that s*** we have finally found a living Neanderthal!

Is it possible somebody in the OV has a LOWER IQ than ClueA&& and Geeseyman?? Are Negative numbers POSSIBLE on IQ'S????

Call WTRF!! FILM AT 11!!!

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WVEXPAT

Mar-03-13 7:15 PM

Another shining light of Liberal intelligence!

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ArmenTamzarian

Mar-03-13 5:29 PM

YOU GO OBAMA! WIN FOR THE DEMS!

Way 2 show those smelly republicans woose the boss! They r dum gun toting jerks who cheat on taxes. Mitt Romney beats his dogs. they make me sooo mad and their going to get what they deserve. stupid jerks.

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daWraith

Mar-03-13 4:17 PM

Cluela&&: "There is no deficit problem. The deficit is down about 50 percent as a share of gross domestic product just since President Bush’s fiscal year 2009 deficit -"

BBWHAHAHAHAHAH! ROTFL !

High school dropouts like Cluela&& fall for this liberal Excrement like flies for ****! The trick is: Obama signed the $800 BILLION Stimulus bill in 2009 but they lay that on the BUSH Fiscal Year 2009! So I guess George W. was the victim of IDENTITY THEFT by Obama! All of Obama's spending is on W's Credit Card!!!! In Liberal World, Obama became President in 2010!!!

Now daFACTS:

In early 2008 the CBO Projected a Budget SURPLUS of $70 BILLION in 2012 based on the booming Bush economy.

Let's go back in time a year: In 2007 the deficit was $162 billion. The 2012 budget deficit is $1327 BILLION!!! Increase = 719%!!!!!!!!

GDP in 2007 $14,208 Billion GDP 2012 $15,094 BILLION

Deficit as a % of GDP 2007: 1.1%; in 2012: 8.8%!!!!!

Cluel*** Math Grade: FAIL

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daWraith

Mar-03-13 3:52 PM

POLITICO By KATE NOCERA | 3/1/13 7:45 PM EST

The Superintendent of Capitol tried to assure staff on Friday that employees will not receive a cut in pay as a result of sequestration, despite President Barack Obama’s claims to the contrary.

In a news conference earlier in the day, Obama warned that starting on Saturday “the folks who are cleaning the floors at the Capitol” and “the janitors, the security guards” would face a pay cut. But in a letter to supervisors and building staff, obtained by POLITICO, superintendent Carlos Elias said “the current sequestration plan does NOT include ‘Reductions in Force’ or Furloughs.

The pay and benefits of employees WILL NOT be impacted as per out current plan.”

Referring to the president as a “high ranking official,” Elias was adamant that staff wouldn’t see smaller paychecks and to not listen to media reports."

a "HIGH RANKING OFFICIAL" whose PANTS are on FIRE!!!!!

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WVEXPAT

Mar-03-13 2:34 PM

"There is no deficit problem."

From The CBO Report February 2013;

Table 1-6. Federal Debt Projected in CBO’s Baseline - 2023 $26.052 TRILLION

Projected deficit spending for the year 2023 - $978 Billion

Net interest payment on the debt - 2023 - $857 Billion

Nothing to see here, move along! Paying almost a TRILLION $ in interest payments alone is perfectly natural!!

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walksabout

Mar-03-13 1:22 PM

the really rich like rats can abandon ship and swim to another den . They have already if you can see through illusion. They are not subject to the negative impact of anything financial the regular man on the street are. They may worry about losing a slice of bread from the loaf, but know they can sruff their belley come what may may.

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walksabout

Mar-03-13 1:18 PM

This isn't as gloom and doom as the crisis masters wish it to seem. The people have a hidden card up the sleeve. The trump card. We ain't in this together. That is the epitome of " Individual Freedom "

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GETACLUE

Mar-03-13 1:13 PM

Medicare Cost Growth Way Down, You probably hear again and again that Medicare is the driver of future deficit trouble. Here is something you probably didn’t know because of the drumbeat of deficit propaganda: Medicare cost growth is way down. From 2000 through 2009, Medicare spending climbed by an average of 9.7 percent a year. Now those increases are down to 1.9 percent and are still falling.

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GETACLUE

Mar-03-13 1:10 PM

There is no deficit problem. The deficit is down about 50 percent as a share of gross domestic product just since President Bush’s fiscal year 2009 deficit and is falling at the fastest rate since the end of World War II. Yet the Washington debate is about how and where to cut us back into recession. We have 10 years to fix the long-term deficit situation. We should not be stampeded by deficit-scare propaganda and instead take the time to carefully consider the right approach. That way we won’t make the mistakes that Europe is making.

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Ragnar

Mar-03-13 10:35 AM

Sorry but if you voted for Soetero, you are a ridiculous moron whose IQ level is somewhere south of that Corky kid from "Life Goes On."

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1whoworks

Mar-03-13 10:27 AM

Now lets see... In January my taxes went up 2%. All of the libs said that's nothing it really doesn't matter because the increase is so small. Now the government is getting cut by 2% of it's GROWTH not 2% of the governmnet but only the growth of govenment and they are howling mad and claiming that the sky will fall. WOW!

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LogHog

Mar-03-13 9:03 AM

the Govt. bubble will burst during Barry's second term...it's going to get very ugly...as debts for our govt. grows and real production of products decline in the country, while tax rates increase, the printing presses may run out of ink....our fearful one is the guy at the top...of course he will get the blame...this is just how people think and have done so for thousands of years...correctly so.

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oldsteelmaker

Mar-03-13 2:28 AM

Ir will be interesting how obie allocates the cuts. One point the Campaigner in Chief doesn't want to acknowledge is HE is in charge of what gets cut. You can bet hothing will be taken from the Boundary Water study committees or the Corn Popper Museum, but a bunch from visible places.

BTW, kickstand, what happens when the interest rate starts going up? All it has to do is go back to 7%, the average for the last 40 years, and the interest in the budget is a Trillion bucks. Nothing left for anything. Then what?

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walksabout

Mar-03-13 12:59 AM

I say again, the military draft would slash would allow us to man the forces with diverse pot of men and women starting at minimum wage.

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walksabout

Mar-03-13 12:53 AM

the green suit military is off the table. defense comtractos and civillians are the target.

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KICKSTAND

Mar-03-13 12:39 AM

nobody can buy 47% of the votes. you lost..now grow up.

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KICKSTAND

Mar-03-13 12:38 AM

blah, blah, blah. you whine if he does..you whine if he don't. please do us all a favor and move to another country. this one had no room for crybabies. that is what is wrong anyway. people don't want to pull their fair share and blame it no the poor.

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littlefox

Mar-02-13 8:57 PM

Last night, I heard Mike Adams tell this story (the gist of it anyway): A tribe has to cut it's budget for it's defensive spear, to 70% of it's previous funding. Okay, cut 30% off the back end of the spear. Nope, Obama does like he's told and cuts off the point first. To*****with our national security, our economy, our children's and grandchildren's future. YOU own this sequester Mr. President. Everyone knows it. Even your media lap dogs are caving. Your lies are unsustainable.

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