Sequester Impact On States Detailed In New White House Reports

[Mustang]

After WW 2 the government finally stopped spending and we had the longest biggest economic boom in world history!! If the sequester can grow each year we should she the same phenomenon- right??.

You make a lot of assumptions that are not backed up by the facts or the wholly different circumstances surrounding the end of WWII compared to today.

Actually, the gov't didn't stop spending after WWII. It just stopped spending on war. At the end of the war, we had the GI Bill, AND the ONLY intact industrial base in the world (NO competition), AND pent up demand from years of rationing which followed years of privation from The Great Depression.

What we will have now, is a mandatory reduction in aggregate spending which will likely throw thousands into unemployment which will require additional gov't spending in the form of unemployment paid to workers who lose their jobs.

Day

And

Night

After WWII the Keynesian economists predicted a massive depression as a result of the 40% cut in federal spending.

That's true. They had failed to take into account all that pent up demand after years of virtually no consumer spending due to both the depression and rationing. When the soldiers came home, they had the GI bill, and millions of people got married and started their lives. The coming births of millions of babies (popularized as the baby boom 1946-1964) created a ready market for consumer goods for decades to come even as our manufacturing base (which we've now essentially shipped to other countries to increase corporate profits at the expense of general American prosperity) retooled the countries laid waste in the war by both the allies and the axis powers. America was essentially benefiting from both ends of the end of war.

Our world today bears no resemblance to those years. Cutting gov't spending in a haphazard manner now when private sector spending is still depressed, but struggling to recover, will likely just result in a contraction of the economy.

 

[ShaklesOfBigGov]

Good News.....despite all of the essentials the White House says will be lost, e.g. pentagon jobs, nutrition for seniors, police, first responders, I did not see Big Bird or NPR on the List! The President has deemed funding for Big Bird more important than all of the essentials they scream will be impacted.

I find it hard to believe that President Obama can't come up with some cuts to avert the kind of scare tactic results he's talking about. Just goes to show he's not serious about deficit reductions. How about eliminating a lot of those Czars that aren't doing a whole lot except taking up wasted space, duties that could easily be filled by other positions in government. He has over 20 Czars anyways, salaries that could be better placed. Seems if he looked at areas that the government can do without instead of playing golf and blaming Republicans, he might actually begin to call himself a leader and not have people burst out laughing under their breath.

 

[LeftofLeft]

I think the most important factor in reducing the deficit for the Republicans so they start another war so they can pay Haliburton, Blackwater, and the oil companies once again. Otherwise who is going to fund their campaigns?

Maybe Republicans should have Government and Unions fund their campaigns??

 

[Darkwind]

In the immortal words of Denethor, the the Steward of Minas Tirith, "flee! Flee for your lives!"

 

[bripat9643]

You honestly believe that 3rd grades around the country have extra people they could just do without? Where do you live? We'll have to schedule you for a school tour sometime soon. When you find that extra person in the building be sure and just let us know.

Yes, actually, they do. The average number of students per classroom in this country is 23.3. That could easily be increased to 24, and no one would notice. In Washington DC they spend $350,000 per classroom per year. There's no reason that schools shouldn't be able to educate kids for 1/3 of that price.

 

[EdwardBaiamonte]

After WW 2 the government finally stopped spending and we had the longest biggest economic boom in world history!! If the sequester can grow each year we should she the same phenomenon- right??.

You make a lot of assumptions that are not backed up by the facts or the wholly different circumstances surrounding the end of WWII compared to today.

Actually, the gov't didn't stop spending after WWII. It just stopped spending on war. At the end of the war, we had the GI Bill, AND the ONLY intact industrial base in the world (NO competition), AND pent up demand from years of rationing which followed years of privation from The Great Depression.

What we will have now, is a mandatory reduction in aggregate spending which will likely throw thousands into unemployment which will require additional gov't spending in the form of unemployment paid to workers who lose their jobs.

Day

And

Night

After WWII the Keynesian economists predicted a massive depression as a result of the 40% cut in federal spending.

yes it leaves the liberals 100% befuddled. Krugman says, "we still don't know why the Depression didn't come back when the war spending ended". Paul Samuelson said, the end of the war will cause “the greatest period of unemployment and industrial dislocation which any economy has ever faced.”

Federal spending did indeed shrink an enormous 40 percent in one year. And the economy boomed.

 

[bripat9643]

After WWII the Keynesian economists predicted a massive depression as a result of the 40% cut in federal spending.

That's true. They had failed to take into account all that pent up demand after years of virtually no consumer spending due to both the depression and rationing. When the soldiers came home, they had the GI bill, and millions of people got married and started their lives. The coming births of millions of babies (popularized as the baby boom 1946-1964) created a ready market for consumer goods for decades to come even as our manufacturing base (which we've now essentially shipped to other countries to increase corporate profits at the expense of general American prosperity) retooled the countries laid waste in the war by both the allies and the axis powers. America was essentially benefiting from both ends of the end of war.

Our world today bears no resemblance to those years. Cutting gov't spending in a haphazard manner now when private sector spending is still depressed, but struggling to recover, will likely just result in a contraction of the economy.

Where was all this "pent up demand" in 1939 after 10 years of depression? There is no demand unless people have money to spend, which they can't do unless they have a job. According to liberal hocus-pocus economic theory, cutting government spending should cause a recession and unemployment. That's exactly what Obama is arguing this very moment.

 

[EdwardBaiamonte]

Cutting gov't spending in a haphazard manner now

too stupid!! as if it wasn't haphazard at the end of the WW2. It was wholesale and it was huge(40%, not .02%) and sparked a boom!!

when private sector spending is still depressed, but struggling to recover,

yes struggling because eveyone is firing people so as not to pay employee health insurance and because the productive people know Barry feels they didn't build that and because Barry feels he can steal that for more welfare entitlements.

 

[RoadVirus]

You honestly believe that 3rd grades around the country have extra people they could just do without? Where do you live? We'll have to schedule you for a school tour sometime soon. When you find that extra person in the building be sure and just let us know.

Do I honestly believe that? Absolutely.

Are you aware that in some schools teachers pay out of their personal money basic supplies for their students?

That's because all the money for school supplies are tied up paying the ridiculous salaries of school board administrators.

 

[RoadVirus]

Good News.....despite all of the essentials the White House says will be lost, e.g. pentagon jobs, nutrition for seniors, police, first responders, I did not see Big Bird or NPR on the List! The President has deemed funding for Big Bird more important than all of the essentials they scream will be impacted.

I see no impact on fat, baby-producing crackwhores living in Section 8 Housing either. What a surprise! Welfare Whores are more important then First Responders and Police.

 

[RoadVirus]

I think the most important factor in reducing the deficit for the Republicans so they start another war so they can pay Haliburton, Blackwater, and the oil companies once again. Otherwise who is going to fund their campaigns?

Speaking of campaigns, when is Obama going to learn he won re-election and that he doesn't need to travel all over the f-ing country (costing millions of dollars) to do speeches every 5 minutes?

 

[Quantum Windbag]

You make a lot of assumptions that are not backed up by the facts or the wholly different circumstances surrounding the end of WWII compared to today.

Actually, the gov't didn't stop spending after WWII. It just stopped spending on war. At the end of the war, we had the GI Bill, AND the ONLY intact industrial base in the world (NO competition), AND pent up demand from years of rationing which followed years of privation from The Great Depression.

What we will have now, is a mandatory reduction in aggregate spending which will likely throw thousands into unemployment which will require additional gov't spending in the form of unemployment paid to workers who lose their jobs.

Day

And

Night

After WWII the Keynesian economists predicted a massive depression as a result of the 40% cut in federal spending.

That's true. They had failed to take into account all that pent up demand after years of virtually no consumer spending due to both the depression and rationing. When the soldiers came home, they had the GI bill, and millions of people got married and started their lives. The coming births of millions of babies (popularized as the baby boom 1946-1964) created a ready market for consumer goods for decades to come even as our manufacturing base (which we've now essentially shipped to other countries to increase corporate profits at the expense of general American prosperity) retooled the countries laid waste in the war by both the allies and the axis powers. America was essentially benefiting from both ends of the end of war.

Our world today bears no resemblance to those years. Cutting gov't spending in a haphazard manner now when private sector spending is still depressed, but struggling to recover, will likely just result in a contraction of the economy.

Pent up demand? What the fuck are you talking about? The recession ended because there was an abundance of supply, not demand.

Neo-Keynesian economics doesn't recognize anything that happens outside of the government as a solution for recessions, which is why it is, and always will be, wrong.

 

[EdwardBaiamonte]

After WWII the Keynesian economists predicted a massive depression as a result of the 40% cut in federal spending.

That's true. They had failed to take into account all that pent up demand after years of virtually no consumer spending due to both the depression and rationing. When the soldiers came home, they had the GI bill, and millions of people got married and started their lives. The coming births of millions of babies (popularized as the baby boom 1946-1964) created a ready market for consumer goods for decades to come even as our manufacturing base (which we've now essentially shipped to other countries to increase corporate profits at the expense of general American prosperity) retooled the countries laid waste in the war by both the allies and the axis powers. America was essentially benefiting from both ends of the end of war.

Our world today bears no resemblance to those years. Cutting gov't spending in a haphazard manner now when private sector spending is still depressed, but struggling to recover, will likely just result in a contraction of the economy.

Pent up demand? What the fuck are you talking about? The recession ended because there was an abundance of supply, not demand.

Neo-Keynesian economics doesn't recognize anything that happens outside of the government as a solution for recessions, which is why it is, and always will be, wrong.

this is true!! All they talk about is aggregate demand when the difference over the last 2000 years is a 10000% rise in aggregate supply.
Did we make progress from the stone age to here because libturds stimulated aggregate demand or because Republican capitalists stimulated aggregate supply with new inventions ???

 

[Desperado]

Good News.....despite all of the essentials the White House says will be lost, e.g. pentagon jobs, nutrition for seniors, police, first responders, I did not see Big Bird or NPR on the List! The President has deemed funding for Big Bird more important than all of the essentials they scream will be impacted.

I see no impact on fat, baby-producing crackwhores living in Section 8 Housing either. What a surprise! Welfare Whores are more important then First Responders and Police.

The unintended consequences of the sequester will be that the government will finally show where their priorities lie.

 

[jknowgood]

How will barry lie his way out, after nothing happens, and how will the media twist it to make barry look good?

 

[Dugdale_Jukes]

WASHINGTON -- It's looking increasingly like the government is about to impose on itself $85 billion in across-the-board spending cuts. So as part of its strategy to pressure Republicans into accepting new revenues as part of a deal to prevent the sequester from taking effect, the White House released new reports on Sunday that outline the ugly effects those cuts would have in individual states.

Each state's report is linked below. But Jason Furman, principal deputy director of the White House's National Economic Council, pulled out some state-specific examples of the ways the cuts will hurt education, national defense, public health and the economy.

In Ohio, 350 teacher and teacher-aide jobs are at risk, which means 43,000 fewer students will be served, Furman said on a Sunday conference call with reporters. In Virginia, 90,000 civilian Department of Defense employees would be furloughed. About 4,180 fewer children in Georgia would get vaccines and, in Kentucky, 400 fewer victims of domestic violence would end up being served.

Recently approved aid for Hurricane Sandy relief efforts will also be at risk, officials said, and commuters should expect more delays in airports.

President Barack Obama's deficit reduction plan, which includes new revenues in addition to spending cuts, would be a "much better course, economically and substantively" than the sequester, Furman said. The president's proposal would achieve $1.8 trillion in deficit reduction, made up of roughly $1.1 trillion in spending cuts and $680 billion in new revenues drawn from limiting deductions and closing tax loopholes for the wealthiest Americans.

Sequester Impact On States Detailed In New White House Reports

After reading about the effects of the sequester on WV and MD (I live in the first and have business interests in both) my opinion is both states benefit greatly from the sequester.

On the other hand it is also my opinion that Obama's plan is a good one.

My preferred result: First the sequester, then Obama's plan on top of that.

 

[bigrebnc1775]

WASHINGTON -- It's looking increasingly like the government is about to impose on itself $85 billion in across-the-board spending cuts. So as part of its strategy to pressure Republicans into accepting new revenues as part of a deal to prevent the sequester from taking effect, the White House released new reports on Sunday that outline the ugly effects those cuts would have in individual states.

Each state's report is linked below. But Jason Furman, principal deputy director of the White House's National Economic Council, pulled out some state-specific examples of the ways the cuts will hurt education, national defense, public health and the economy.

In Ohio, 350 teacher and teacher-aide jobs are at risk, which means 43,000 fewer students will be served, Furman said on a Sunday conference call with reporters. In Virginia, 90,000 civilian Department of Defense employees would be furloughed. About 4,180 fewer children in Georgia would get vaccines and, in Kentucky, 400 fewer victims of domestic violence would end up being served.

Recently approved aid for Hurricane Sandy relief efforts will also be at risk, officials said, and commuters should expect more delays in airports.

President Barack Obama's deficit reduction plan, which includes new revenues in addition to spending cuts, would be a "much better course, economically and substantively" than the sequester, Furman said. The president's proposal would achieve $1.8 trillion in deficit reduction, made up of roughly $1.1 trillion in spending cuts and $680 billion in new revenues drawn from limiting deductions and closing tax loopholes for the wealthiest Americans.

Sequester Impact On States Detailed In New White House Reports

Great let's get this party started. Sequester away.

 

[jasonnfree]

What they did is make sure it only impacts services that the public notices. So that 3rd grade beancounter whos job no one quite knows what it is becomes safe, but people interatcting with the publitc get furloughed.

That way the feds can turn around and say "look what happens when we cut $85 Billion! Those eeevul republicans want to cut 10 times as much!!!!"

Yep. There are really no meaningful cuts in there and as longknife said, it's not even cuts to the baseline but on future projections. It's beyond laughable. Actually, it's insulting to anyone with an IQ of higher than 20.

Well look who we are dealing with. Has obama done anything smart yet?

Obama hasn't lost an election yet. That's four in a row.

 

[EdwardBaiamonte]

How will barry lie his way out, after nothing happens, and how will the media twist it to make barry look good?

well I suppose the end will be ambiguous with both sides compromising along the way so public opinion doesn't turn too hard against either party. Thats how the shut down worked out under Newt although Republicans, then, overplayed their hand and lost the PR battle.

 

[Wicked Jester]

Who cares. It should have been 500 billion in cuts over 3 to 4 years. Crying over such as small amount is hilarious.

What they did is make sure it only impacts services that the public notices. So that 3rd grade beancounter whos job no one quite knows what it is becomes safe, but people interatcting with the publitc get furloughed.

That way the feds can turn around and say "look what happens when we cut $85 Billion! Those eeevul republicans want to cut 10 times as much!!!!"

You honestly believe that 3rd grades around the country have extra people they could just do without? Where do you live? We'll have to schedule you for a school tour sometime soon. When you find that extra person in the building be sure and just let us know.

Do you not realize that you are talking about local government, and not fed?....Do you realize that you are not going to see anything change at the local levels of government?.

Christ, the moonbat Obama sheeples truly are falling for all the nonsense that inept clown is spewing, during his latest, "scare the crap out of the ignorant, reactionary moonbat sheeples out there, campaign"