Spending cuts: What you need to know
February 19th, 2013
07:34 AM ET
2 years ago

Spending cuts: What you need to know

New York (CNNMoney) – The budgets of most federal government programs and agencies will shrink on March 1.

Congress could prevent that from happening, but it's not likely to do so before the deadline.

FULL STORY

Filed under: Budget • Congress • Debt • Deficit
soundoff (8 Responses)
  1. jkane sfl the gop national disgrace party will be swept out like the trash they are in2014 ?

    The gop will lose the house in 2014 mid terms ,who needs the obstructionest ,the gop has done nothing for the country for four years ,kick them out and you red gop states are going to lose even more thanks to the gop you vote in ,well deserved !!!!

    February 19, 2013 08:44 am at 8:44 am |
  2. jpmichigan

    SPEND,SPEND AND SPEND SOME MORE! The motto of this administration, but how to pay for the spending is an OOOPS! I guess they still don't get it, you have to pay for what you want, but then the government is the only place where you don't.

    February 19, 2013 09:02 am at 9:02 am |
  3. Guest

    Ignorance is bliss democrats! You can continue to spew your party line nonsense and remain in denial if you choose but it is clear the dems want a whole lot of new social programs, amnesty, etc and someone has to pay for that. It wont be the poor and it wont be the wealthy corporations so I guess all of us middle class are screwed again. Let the cuts happen, dont pass or even entertain any other policy considerations – amnesty, gun control, preschool, etc – until we have a budget and a are on a path for fiscal and economic imnprovement.

    February 19, 2013 09:17 am at 9:17 am |
  4. Rick McDaniel

    All we need to know, is that spending i totally out of control, the size of government is totally out of control, and we have to say NO, to more spending, and more growth in government.

    February 19, 2013 09:25 am at 9:25 am |
  5. Larry L

    @Rick McDaniel

    All we need to know, is that spending i totally out of control, the size of government is totally out of control, and we have to say NO, to more spending, and more growth in government.
    =================================
    You never offer specifics – just Fox news sound-bites. Are you willing to give up Medicare? Social Security? Will we just ignore the poor? How about Defense? Highways? Homeland Security? Immigration control? Do you want nobody to prevent cancer with environmental regulations? How about law enforcement? Say something other than mindless comments with no substance! No more hateful, fluffy, negative comments! Say something intelligent!

    February 19, 2013 09:46 am at 9:46 am |
  6. rs

    If Sequestration occurs as it appears it will because of Republican reaction, two things will happen:
    1. The economy will return to recession, thousands will lose their jobs. More significantly, tax revenues will dry-up negating any of the so-called savings. In other words- the debt and deficits will continue to grow AND the GOP succeeds in crashing the economy again.
    2. The GOP as a party will essentially be anathema to the vast majority of Americans. As a functioning party it will be cast adrift to lose elections locally and nationally for a decade or so- all while their internal infighting ("who is the real conservative") continues unabated.

    In other words, the GOP's final act will still hold America hostage to their lunacy, but they will be gone after that point.

    February 19, 2013 09:47 am at 9:47 am |
  7. Larry L

    We all need to actually read and seriously consider Simpson-Bowles. It's closer to logic than anything I've seen.

    February 19, 2013 09:48 am at 9:48 am |
  8. rs

    jpmichigan
    SPEND,SPEND AND SPEND SOME MORE! The motto of this administration, but how to pay for the spending is an OOOPS! I guess they still don't get it, you have to pay for what you want, but then the government is the only place where you don't.
    ________________________
    First of all JP- you are incorrect on characterizing this administration as "spending more". Spending is down, so is the budget deficit- the proof are the 70,000 federal workers who lost their jobs in the last year.
    The craziness, and irresponsibility though lies with the GOP. What idiot cuts taxes, then launches two wars? You realize that throughout American history EVERY war was paid for with bonds AND tax increases. You guys made this.
    Now, tax revenues could naturally climb and help pay off the debt and deficits if the economy fully recovered. Once again however, we find creeps like Mitch McConnell holding everything up in the Senate or Boehner in the House unable to do anything but pass ant-abortion bills. The GOP is in reverse, and actively undermining the recovery. Why is that?

    February 19, 2013 09:53 am at 9:53 am |