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View Diary: Obama steals another plank from the GOP platform (21 comments)

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  •  Exactly (3+ / 0-)
    Recommended by:
    Pluto, defluxion10, cynndara

    While it sounds good to cut billions from DoD in one fell swoop, it's going to have a big impact on the economy. Look at what a drop in defense spending in Q4 did to GDP.

    If the spending cuts go through as planned, its going to hurt the economy. Alot. That's what they were intended to do. The whole idea behind the sequester was that the cuts would be so devastating that neither party wanted them.

    •  I might wager over recession vs depression. (3+ / 0-)
      Recommended by:
      defluxion10, MRobDC, qofdisks

      God knows, it would cripple much of the global economy. We do not spend in a vacuum. The feedback loop would kill us.

      Denial is a drug.

      by Pluto on Tue Feb 05, 2013 at 07:08:50 PM PST

      [ Parent ]

      •  My non-DoD federal office (2+ / 0-)
        Recommended by:
        Pluto, cynndara

        Is going to get slammed with pretty significant budget cuts if the sequester goes through as is. And they are still going to be expected to meet program mandates or else they will be threatened with even bigger budget cuts.

        Which means the hammer isn't going to fall on the program stuff. It's going to fall on HR. They're trying to avoid them, but there are rumblings that there could be rolling furloughs if not outright RIFs. As it is, they're holding positions open that should be filled because when the time comes to actually make the cuts, they can axe those positions first and try to save everybody else's jobs. But my office is budgeted for 20 and we're operating on 10 as it is.

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