kwc57
BOHICA Obama
Will automatic spending cuts have a devastating impact on the U.S. economy. No.
What will happen is that bureaucrats will deliberately try to spread "the hurt" as far and wide as possible in order to defend their inflated budgets.
They will not cut waste, they will cut services. They want to inflict as much pain as possible so we come crawling back screaming uncle and throwing dollars at them - BEGGING them to take more of our money - just to make the pain stop.
We have the wrong people, motivated by the wrong reasons, making the wrong choices.
I wonder why Obama suggested it, signed it into law and said he would veto any attempts to change it?
Maybe he wants to cut spending?
Is that a bad thing?
But reality check - the GOP got the automatic cuts in return for their votes to raise the debt ceiling. They negotiated for this and got it - why don't they want to take the credit?
Because the game right now is to make these meager spending reforms hurt people as much as possible and then blame the other side of the aisle. They are still just playing political games with our money and our lives and some folks STILL aid and abeit them by joining in their silly reindeer games and refusing to address the real issue.
The only impact these cuts will have are the ones forced by Obama's choices. First, they are not true spending cuts. They are reductions in increased spending over the coming year. Second, they are actually around 44B instead of 83B. Third, tat amounts to a 1% reduction. Anyone.......and I mean anyone, from a welfare receipient to the US government can survive a 1% cut. All you do is prioritize your spending. You pay the mortgage and you eat hamburger instead of steak. Obama's litany of misery is fear mongering. He is a petty man who insists on having his way. He's dangerous and the only thing standing in his way right now is the Republican led house. I hope his miscalculations lead to an increase of Repbulican seats in the house and senate instead of his intending killing of the opposition.
Remember, you heard it here first. The sequester will have little to no effect on our day to day life.