federal debt

WHAT HAPPENS IF SEQUESTRATION OCCURS ON FRIDAY?

By Miriam Raftery

White House releases list of cuts to California

“By God, across-the board cuts are the worst and most cowardly way to approach this situation.” –Senator John McCain (R-AZ)

"Are Republicans in Congress really willing to let these cuts fall on our kids’ schools ...slash military health care and the Border Patrol ...Are they seriously prepared to inflict more pain on the middle class because they refuse to ask anything more of those at the very top?" -- President Barack Obama

February 25, 2013 (San Diego’s East County) – If Congress can’t agree by Friday, automatic sequestration cuts will take place in nearly all federal programs.  Half will hit the military, the other half will slice domestic programs. 

Both sides agreed in prior debt negotiations that the cuts were so severe that neither party would actually let them take place--and that the sequestration trigger would force Congress to come up with a more sensible plan before the March 1 deadline.

Unfortunately, that hasn’t happened.  Sequestration appears likely to occur on Friday--and the impacts are apt to be felt by every American, from long waits at airports to cuts in programs impacting students, senior citizens, the military, national parks, the unemployed, health programs, and much more.  Defense Secretary Leon Panetta has said cuts will  even harm the readiness of U.S. troops in the military.


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PRESIDENT INTRODUCES DEBT REDUCTION PROPOSAL, VOWS TO DEFEND MEDICARE AGAINST REPUBLICANS' PRIVATIZATION PLAN

By Jeremy Los

I do not want the government to shut-down, but the bottom line is Washington needs to get its finances in order. Out of every dollar the United States government spends, 40 cents is borrowed. This is unsustainable.” -- Rep. Brian Bilbray (R-San Diego)

 

“Republicans are trying to ram through a disgraceful budget that would destroy Medicare, drive an entire generation of seniors into poverty, but give the wealthiest Americans even more tax cuts. It’s shameful. It’s immoral.” --Rep. Anthony Weiner (D-New York).

 

April 15, 2011-(Washington D.C.)-- President Barack Obama laid out his fiscal agenda in a speech Wednesday, announcing plans to cut our massive national debt while pledging to preserve Medicare, a program credited with lifting millions of seniors out of poverty. View his speech.

 


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.