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View Diary: Here's hoping the Super Committee fails (36 comments)

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  •  Actually, my understanding is entitlements are (4+ / 0-)

    exempt from the automatic cuts, which would fall equally on all "discretionary spending" both defense and non-defense. It would be a disaster for education, environmental, food safety, etc., etc., but wouldn't impact "mandatory spending" such as Social Security, Medicare, Medicaid, food stamps, etc.

    "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

    by Alice in Florida on Thu Nov 17, 2011 at 02:00:38 PM PST

    •  Medicaid & SS are exempt from sequestration cuts (7+ / 0-)

      ...but Medicare provider reimbursements can be cut up to 2%. details

      Eliminate the Bush tax cuts Eliminate Afghan and Iraq wars Do these things first before considering any cuts

      by kck on Thu Nov 17, 2011 at 02:42:29 PM PST

      [ Parent ]

    •  Bingo! This will be a disaster for gov programs (0+ / 0-)

      All the ones you listed + NASA NOAA National Parks...

      People think we won't pay a HUGE price if this thing fails, they are dead wrong!  10's of thousands of gov employees will lose their jobs.  The absolutely essential goal of transitioning our economy to ALT-E will get put on the back burner, solutions to global warming will be set aside...

      And when investors wake up to the damage this auto-austerity will do the economy, the depression that started in 08 will be amplified, causing more pain.

      •  You don't know (0+ / 0-)

        You have no idea what will be cut, what revenues might be added -- in fact you know nothing about a sible outcome if they agree. So your doomsday analysis is just conjecture. But if they fail, the benefits described WILL accrue

      •  Cuts are inevitable without tax increases (0+ / 0-)

        Tax increases are really crucial. It will be impossible to sustain Medicare, Medicaid, and other domestic discretionary and entitlement programs in anything like their current form if the GOP succeeds in keeping federal taxes at no more than 18% of GDP. Right now taxes are well below 18% because of the recession. Continuing the Bush tax cuts, at least the full extent of them, would have a disastrous impact. Current baseline spending, not including temporary stimulus and recession-induced spending, significantly exceeds 18% of GDP. Cutting the military would help too, but tax increases are crucial and I don't think the Dems should agree to anything that doesn't include substantial tax increases. They should hold the line on that and should especially oppose any GOP proposal that freezes Bush capital gains tax and top bracket income tax cuts in place as part of the deal.

        •  Agree, but that's not the deal (1+ / 0-)
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          ozsea1

          If they don't come up with an agreement, the cuts get made to the military and discretionary spending.  That's the deal, and a huge amount of people are going to get hurt.

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