Sequestration 2013: When will it end?

Sequestration 2013: With Cuts In Place, Obama And GOP Brace For Next Fight.
To all my readers, I find it important for everyone to inform themselves about the actual sequester with an official document sent to Congress  as a direct result of Congress and the President’s inability to reach a decision to avoid the sequester that has now gone into effect on March 1. There is a lot of misinformation going around through various groups so I decided that the actual facts might be nice, then let you the reader decide what is truth. Since both parties the President and Congress refuse to come to a decision on Saturday to avoid sequester, we as a country now face the consequences through automatic spending cuts of $85 billion. Even with last minutes talks and no deal, the sequester which is outline in the official document below has gone into effect with the stroke of Obama’s pen. There are no signs that either group will budge as the Republican refuse any deal with more taxes and Democrats will not do a deal without it. Both parties lay the blame on the other for damages the cuts might inflict which are across the board.  In the words of Obama on his weekly radio and internet address, “None of this is necessary…It’s happening because Republicans in Congress chose this outcome over closing a single wasteful tax loophole that helps reduce the deficit.” The president also commented that the cuts will cause ripples across the economy the longer they stay in place and could cost more than 750,000 jobs not to mention disrupt the lives of middle class families. The next major battle for both will be to negotiate a plan to fund the government beyond March 27 or possibly face a government shutdown and another debt ceiling clash in May.

OMB REPORT TO THE CONGRESS ON THE JOINT COMMITTEE SEQUESTRATION FOR FISCAL YEAR 2013

One thought on “Sequestration 2013: When will it end?

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