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Old 02-28-2013, 06:39 AM
 
Location: Tampa Florida
22,229 posts, read 17,825,162 times
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"Three more stories to read" ....

Countdown To The Sequester: 3 More 'Should-Read' Stories : The Two-Way : NPR
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Old 02-28-2013, 07:13 AM
 
Location: Jawjah
2,468 posts, read 1,915,370 times
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That awkward moment when your local Red state radio station that has been promoting spending cuts from 2008-end of 2012 suddenly starts reporting in 2013 how damaging those spending cuts would be to the local economy...
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Old 02-28-2013, 07:32 AM
 
1,652 posts, read 2,543,370 times
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Originally Posted by rorqual View Post
That awkward moment when your local Red state radio station that has been promoting spending cuts from 2008-end of 2012 suddenly starts reporting in 2013 how damaging those spending cuts would be to the local economy...
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Old 02-28-2013, 08:56 AM
 
58,761 posts, read 27,092,933 times
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Originally Posted by wutitiz View Post
Sequester Cuts Are Half What the Media Is Reporting
It's a $40 billion cut from a horribly bloated $3.6 trillion budget (increased from about $2.7 trillion in Bush's last year, to the tune of much wailing and gnashing of teeth from the left over the deficit). So this amounts to a little over 1% of the budget, And these are doomsday cuts???

I might add that I don't buy the doom & gloom from Panetta and various Republicans when it comes to defense cuts. Of course I want our military to have the latest and greatest, but when we spend more on defense than the next 13 countries combined, I'm not too worried.
The U.S. defense budget: It's even bigger than Obama suggested - Los Angeles Times

It's just another example of Pres. Obama's lack of grasp on the federal budget. He blamed the deficits on the Iraq war, which was only about 3% of federal spending while it lasted. Now he predicts doomsday from a 1% cut. If I had the kind of debt in my personal finances that DC has, I'd be looking at something closer to a 50% spending cut. Yesterday, if not sooner.
"And these are doomsday cuts???' And they aren't even cuts. It is a reduction in the asked for increase.

The will have MORE money this year then last year.
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