Spending cuts: It's about to get weird
February 27th, 2013
07:29 AM ET
2 years ago

Spending cuts: It's about to get weird

New York (CNNMoney) – When it comes to budgeting for the federal government, things are about to get strange.

Starting Friday, federal agencies will be forced to make cuts to their programs without knowing what their actual budgets for this year will be. Why? Because Congress never passed a budget, just a stopgap funding measure that expires soon.

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Filed under: Budget • CNNMoney.com • Debt • Deficit
soundoff (7 Responses)
  1. S.B. Stein E.B. NJ

    It would be nice to see something done to either stop the sequestor. I doubt that the GOP is going to listen to anything that will raise revenue in any way shape or form. Spending should be cut but with a scaple while revenue needs to be raised as well.

    February 27, 2013 07:36 am at 7:36 am |
  2. Dutch/Bad Newz, VA

    Why is the deficit such a big deal? This President has LOWERED the deficit in his first term. Gradually each year, the deficit is being lowered. The MSM fail to report this FACT!!! Here's a solution on how to avoid sequestration: REPEAL IT!!!

    February 27, 2013 08:24 am at 8:24 am |
  3. Rudy NYC

    House Republicans have done as little as they can possibly do to help the economy. Despite their claims to the contrary, the House has not passed a single piece of legislation to address the looming sequestration, not one. Recall how they went a holiday break as 2012 expired and we faced the fiscal cliff. Nothing was passed until after the first of the year, and even then they punted on the spending cuts until March 1,

    Boehner claims that House Repubilcans have sent passed and sent bills to the Senate, which they say has taken no action. The truth really is that the Senate has taken no action to schedule a vote on bills sent from the House. What Boehner so conveniently fails to mention is which bills that he's talking about. He's not lying at all, but simply misleading. The House has sent nothing to address the sequester: not last year and not this year.

    Republicans have sent bills to the Senate that were never taken up for a vote, but not one has been a bill to address the looming spending cuts. True, the Senate has not acted on a sequestration bill from the House.....because the House has yet to vote on and pass one.

    February 27, 2013 08:25 am at 8:25 am |
  4. John Lucas

    I recommend congress pay be cut in haft as the first the thing to cut. The people in congress don't do anything when they are there and about half of the year they are not there anyway. Also their medical benefits should not be any better then the most Americans have.

    February 27, 2013 08:39 am at 8:39 am |
  5. Rick McDaniel

    The Dem socialists are incapable of running the country, in a fiscally responsible way. That's the bottom line.

    February 27, 2013 08:41 am at 8:41 am |
  6. ST

    I would prefer NOT to call republicans the people who make the Stupid Party, BUT I would like to point out that they are not smart at all in politics. Who on earth would like to poison themselves for nothing. Letting sequester taking place, is like taking poison while you know the end will not be the good one. You will perish. I can't wait to see how anyone can be so damn and let this happen. You are playing with peoples lives and you will be definitely be rewarded for it.

    February 27, 2013 09:07 am at 9:07 am |
  7. Name lynn

    The congress might want to cut in the wrong place, yet obama is the president what obama says goes. If the congress had their way the rich be richer an the poor be poor, obama want let that happen.

    February 27, 2013 09:11 am at 9:11 am |