It's the Topic of the day. But what is it?
Let's ask the geeks ...
by Suzy Khimm, blogs/ezra-klein -- Sept 14, 2012
[...]Sounds like it was a Bipartisan Cliff.
What is the sequester?
It’s a package of automatic spending cuts that’s part of the Budget Control Act (BCA), which was passed in August 2011. The cuts, which are projected to total $1.2 trillion, are scheduled to begin in 2013 and end in 2021, evenly divided over the nine-year period. The cuts are also evenly split between defense spending — with spending on wars exempt — and discretionary domestic spending, which exempts most spending on entitlements like Social Security and Medicaid, as the Bipartisan Policy Center explains. The total cuts for 2013 will be $109 billion, according to the new White House report.
Why does everyone hate the sequester so much?
Legislators don’t have any discretion with the across-the-board cuts: They are intended to hit all affected programs equally, though the cuts to individual areas will range from 7.6 percent to 9.6 percent (and 2 percent to Medicare providers). The indiscriminate pain is meant to pressure legislators into making a budget deal to avoid the cuts.
Who supported the debt-ceiling deal?
Party leaders, the White House and most members of Congress supported the debt-ceiling deal: The BCA passed on a 268-161 vote in the House, with about one-third of House Republicans and half of House Democrats opposing it. It passed in the Senate, 74-26, with six Democratic senators and 19 Republican senators opposing it.
But, what's it all mean?
What's it all mean?
If Congress "wants to control" where and how, and how fastly, our Budget is balanced,
-- then it's about time, they DID THEIR DAMN JOBS.
And prove to America, they DO know how to govern.
Including the Raising Revenues part in Article 1 -- Section 8.
It's about DAMN TIME they honored their Oaths to the Constitution and the American People,
-- and shred their Oaths to Grover Norquist. An Unelected hack has-been.
That dog don't hunt, anymore. Smell the Coffee, GOP.
Your Fantasy Camp is over.