Spending cuts: Congress risks another crisis
June 28th, 2012
08:37 AM ET
2 years ago

Spending cuts: Congress risks another crisis

New York (CNNMoney) - It's mindless, confusing and costly. It will likely result in private-sector and government job loss. It will hurt the economy.

And Congress can't agree on how to replace it.

FULL STORY

Filed under: Budget • CNNMoney.com • Congress
soundoff (8 Responses)
  1. Republican failed america

    Blame the republican and Boehner they have destroy our country.

    June 28, 2012 08:43 am at 8:43 am |
  2. Wire Palladin, S. F.

    If elected repubs would give up their healthcare, their pensions, their staff budgets, and their other perks, and their unnecessary wars, then work for Americans instead of against us, it would be a start.

    June 28, 2012 08:44 am at 8:44 am |
  3. GROVER NORQUIST IS A ENEMY OF THE STATE/ConservaFASCISTS

    Republicans don't care about the sequester costing jobs. They are only concerned about winning the election. Everything else can wait. They put politics before the people.

    June 28, 2012 09:10 am at 9:10 am |
  4. Gurgyl

    Cuts should be congress/senate benefits, perks, salaries and term limits.

    June 28, 2012 09:13 am at 9:13 am |
  5. WiredweirdinSF

    Please correct the headline, it is the democrat liberals and the incompetent, inept, corrupt union toady president that are risking another spending crisis, although the liberally biased media, being forever under the thumb of the current corrupt regime, will never admit it.

    June 28, 2012 09:16 am at 9:16 am |
  6. Myviewis

    Easy to understand article – clearly it states what I have been saying that the private-sector will lose jobs=unemployment while the article clearly states that workers (government workers) in federal agencies may have to furlough workers at some point in 2013 but pay cuts are not allowed and staff getting fired is costly and time consuming. This is why Democrats want a bigger government, everyone work for the government and Obama likes bigger government because government workers are safe from getting fired while the private sector employees take the hit from a bad economy. Bad economy=private sector employees standing in the unemployment line. Bad economy=government employees continue to get a paycheck without feeling the bad economy. This is why Obama is so popular with government workers and why Obama is anti-private sector/small businesses.

    June 28, 2012 09:44 am at 9:44 am |
  7. charlesName

    Out with congress. Time to sigh the job act bill!!! The gop. Would let our country fall just for there gain!!!! Sad just sad....... Time for change in congress.

    June 28, 2012 09:59 am at 9:59 am |
  8. J.V.Hodgson

    Congress cannot sit on its butt and do nothing until December The notices to contractors staff and other government areas have to go out 90 days beforehand = October 2nd. To stop that happening a fix has to be put in before that date.
    To use a well worn phrase the only shovel even closely ready solution is Bowles Simpson and stop flirting around with AJA and get that done first, along with the transportation bill and the student loan bills before this session ends.
    We already know heels are dug in on No tax increases therefore dems resist entitlement cuts. The compromise starts with dems and repubs agreeing respectively entitlement cuts and tax increase on the rich and taking away tax incentives to big oil etc and incorporating that into the latest budget, along with AJA effects etc.
    I suggest Dems go into a corner adn come up with $55bn p.a. of spending cuts without further defense cuts and Republicans go on the tax increase and raise $55bn p.a. from this area using tax break elimination as well as loohole closing. Then update the budget and negotiate further re debt ceiling.
    The climbing rope back up the cliff is frayed already it snaps on October 2nd and we all plunge into the abyss
    Thanks a $Mill $bill $trill take your pick. Actually No Thanks and I would make sure not a single current Senator or Representative up for re-election got a single vote on Nov 6th if possible.
    A little bit of voter No may wake up both sides of congress.
    An ailse is for walking down and the end a joining occurs it is not a dividing line to be crossed.
    Regards,
    Hodgson.

    June 28, 2012 10:02 am at 10:02 am |