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Showing posts with label The Sequester. Show all posts
Showing posts with label The Sequester. Show all posts
Tuesday, September 17, 2013
Saturday, September 14, 2013
Fiscal Challenge Too Big For Weak GOP Leaders
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Tuesday, May 14, 2013
Saturday, May 11, 2013
Friday, March 15, 2013
Low-Income Kids Are Being Kicked Out Of Their Preschool Programs Thanks To Sequestration
Low-Income Kids Are Being Kicked Out Of Their Preschool Programs Thanks To Sequestration: The early childhood education program Head Start provides educational opportunities specifically to low-income kids. But 70,000 of those students will lose the opportunity to be in the program, thanks to the drastic reductions in funding triggered by this month’s across-the-board spending cuts known as sequestration. Reports are beginning to roll in about how children will [...]/p
Thursday, March 14, 2013
Cable News Obsessively Covers Cuts To White House Tours, Virtually Ignores Cuts To Programs For The Poor
Cable News Obsessively Covers Cuts To White House Tours, Virtually Ignores Cuts To Programs For The Poor: Thanks to Congressional gridlock, automatic budget cuts took effect 14 days ago, threatening 700,000 jobs and gutting funds for vital programs in housing assistance, early childhood education, disaster relief, and national security. Secret Service staffing was also impacted, prompting the cancellation of White House tours last week. Republicans immediately attacked the decision as a political [...]/p
Sunday, March 3, 2013
Boehner Pretends He's Not Sure if Sequester Will Cause Economic Damage
Boehner Pretends He's Not Sure if Sequester Will Cause Economic Damage
"After previously giving dire warnings about the sequester in a recent op-ed he penned for The Wall Street Journal, House Speaker John Boehner did an about face and told Meet the Press' David Gregory that he wasn't sure if it was going to hurt the economy or not and he told Gregory “I don't think anyone quite understands how it gets resolved." If he really wants to get the country out of this self-inflicted mess, there's a pretty simple way, which is to pass the bill introduced by Rep. John Conyers this week, entitled the Cancel the Sequester Act of 2013."
"After previously giving dire warnings about the sequester in a recent op-ed he penned for The Wall Street Journal, House Speaker John Boehner did an about face and told Meet the Press' David Gregory that he wasn't sure if it was going to hurt the economy or not and he told Gregory “I don't think anyone quite understands how it gets resolved." If he really wants to get the country out of this self-inflicted mess, there's a pretty simple way, which is to pass the bill introduced by Rep. John Conyers this week, entitled the Cancel the Sequester Act of 2013."
Friday, March 1, 2013
Economist Paul Krugman Reacts To Sequester Madness
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GOP Leaders Cling To Absurd Position That The Debate On Taxes ‘Is Over’
GOP Leaders Cling To Absurd Position That The Debate On Taxes ‘Is Over’: Congressional leaders went to the White House on Friday in a last-ditch effort to avert the automatic “sequester” budget cuts that will soon go into effect. After the meeting, Republican leaders Mitch McConnell (R-KY) and John Boehner (R-OH) emerged to reemphasize that the GOP will not consider any new revenues in a deal to avert [...]/p
4 Ways the Sequester Worsens the Inequality that Is Killing the Economy | Alternet
4 Ways the Sequester Worsens the Inequality that Is Killing the Economy | Alternet
"Welcome to the vast inane. Today the “sequester” -- mindless, across-the-board cuts of military and domestic spending designed to be abhorrent -- will go into effect. Republicans claimed a “big victory” as House Speaker John Boehner shut down any negotiations and sent the House home. The cuts will cost jobs and add to the headwinds facing the economy. The sequester will be followed by operatic melodrama over keeping the government open after the end of March and keeping the government from defaulting on its debt beginning in the middle of May.
"Welcome to the vast inane. Today the “sequester” -- mindless, across-the-board cuts of military and domestic spending designed to be abhorrent -- will go into effect. Republicans claimed a “big victory” as House Speaker John Boehner shut down any negotiations and sent the House home. The cuts will cost jobs and add to the headwinds facing the economy. The sequester will be followed by operatic melodrama over keeping the government open after the end of March and keeping the government from defaulting on its debt beginning in the middle of May.
The deficit is falling faster than any time since the demobilization after World War II, Americans are afflicted with mass unemployment and falling wages, but Washington will be traveling into the vast inane for the foreseeable future."
VIDEO: How The GOP Constantly Pretends Spending Cuts Haven’t Happened
VIDEO: How The GOP Constantly Pretends Spending Cuts Haven’t Happened: Barring a miracle of bipartisan cooperation over the next 12 hours, the sequester — a series of across-the-board spending cuts — will kick in tonight. Part of the Budget Control Act of 2011, the sequester will likely shave 700,000 jobs and 0.6 percent worth of growth off the economy. Its cuts were designed to be [...]/p
How the Economic Quacks Promoting Austerity Will Increase the Deficit | Alternet
How the Economic Quacks Promoting Austerity Will Increase the Deficit | Alternet
"There isn’t, in fact, a “long-term deficit problem.” So long as interest rates stay below the growth rate, as they are, debt-to-GDP levels eventually stabilize and even decline. But if we start reintroducing cutbacks just as the US economy is beginning to show faltering signs of recovery, all of the recent gains on the budget deficit will go by the wayside. Why? Because fiscal austerity deflates economic activity, causing tax revenues to plunge and social welfare payments – unemployment insurance, welfare, food stamps – to explode. The perverse impact, then, is that deficits get larger – precisely the opposite of what the “austerian” brigade desires, but which is happening in earnest in places like Greece and Spain."
"There isn’t, in fact, a “long-term deficit problem.” So long as interest rates stay below the growth rate, as they are, debt-to-GDP levels eventually stabilize and even decline. But if we start reintroducing cutbacks just as the US economy is beginning to show faltering signs of recovery, all of the recent gains on the budget deficit will go by the wayside. Why? Because fiscal austerity deflates economic activity, causing tax revenues to plunge and social welfare payments – unemployment insurance, welfare, food stamps – to explode. The perverse impact, then, is that deficits get larger – precisely the opposite of what the “austerian” brigade desires, but which is happening in earnest in places like Greece and Spain."
Media Fails, Tea Party Wins as "Sequestration" Begins | Common Dreams
Media Fails, Tea Party Wins as "Sequestration" Begins | Common Dreams
"Not reserving their ire for politicians alone, critics put much of the blame for the current state of affairs squarely at the door of the media, who busily made work of the "blame game" in Washington but generally failed to recognize the larger context within which the sequestration battle was occurring."
"Not reserving their ire for politicians alone, critics put much of the blame for the current state of affairs squarely at the door of the media, who busily made work of the "blame game" in Washington but generally failed to recognize the larger context within which the sequestration battle was occurring."
Thursday, February 28, 2013
GOP Economic Sabotage Strikes Again with Sequestration | Economic Policy Institute
GOP Economic Sabotage Strikes Again with Sequestration | Economic Policy Institute
"And should sequestration take effect, this would not be an isolated case of economic policy malpractice: Congressional Republicans have consistently hamstrung efforts that economists overwhelmingly agree would have meaningfully helped lower the unemployment rate and instead advanced policies projected to decelerate near-term growth."
"And should sequestration take effect, this would not be an isolated case of economic policy malpractice: Congressional Republicans have consistently hamstrung efforts that economists overwhelmingly agree would have meaningfully helped lower the unemployment rate and instead advanced policies projected to decelerate near-term growth."
If Government “Acted Like a Business” It Would Reject Today’s Deficit Madness | Common Dreams
If Government “Acted Like a Business” It Would Reject Today’s Deficit Madness | Common Dreams
"The pro-corporate, anti-majority political class is sustaining itself with a lot of self-serving myths these days. Guess you need to do that when you’re dismantling the social contract. In the closed society that is Insider Washington, rites and mythologies are used to promote the otherwise-indefensible: the cruel irrationality of Austerity Economics."
"The pro-corporate, anti-majority political class is sustaining itself with a lot of self-serving myths these days. Guess you need to do that when you’re dismantling the social contract. In the closed society that is Insider Washington, rites and mythologies are used to promote the otherwise-indefensible: the cruel irrationality of Austerity Economics."
Wednesday, February 27, 2013
In Blind Poll, Republicans Choose Progressive Budget Solutions Over Their Own Party's | Common Dreams
In Blind Poll, Republicans Choose Progressive Budget Solutions Over Their Own Party's | Common Dreams
"When the Business Insider polled registered voters and asked for their preferences among three Congressional plans floated to avoid the looming "sequestration" cuts in Washington, they found that when stripped of their partisan labels, the policies most favorable to the majority were those offered by the progressive wing of the Democratic caucus."
"When the Business Insider polled registered voters and asked for their preferences among three Congressional plans floated to avoid the looming "sequestration" cuts in Washington, they found that when stripped of their partisan labels, the policies most favorable to the majority were those offered by the progressive wing of the Democratic caucus."
PERRspectives: As Sequester Looms, GOP Governors Lament America's Incredible Shrinking Government
PERRspectives: As Sequester Looms, GOP Governors Lament America's Incredible Shrinking Government
"While Republicans in Congress seem increasingly committed to the sequester now less than 48 hours away, GOP governors are beginning to squeal. As Pew Research revealed (above), the impact of the sequester will hit some states harder than others. Many of them, like Virginia, are governed by Republicans. That's why its Governor Bob McConnell is pleading with Washington to find a way out its self-imposed sequester."
"While Republicans in Congress seem increasingly committed to the sequester now less than 48 hours away, GOP governors are beginning to squeal. As Pew Research revealed (above), the impact of the sequester will hit some states harder than others. Many of them, like Virginia, are governed by Republicans. That's why its Governor Bob McConnell is pleading with Washington to find a way out its self-imposed sequester."
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