Why spending cuts may be here to stay
March 6th, 2013
07:29 AM ET
2 years ago

Why spending cuts may be here to stay

New York (CNNMoney) - The threat of automatic budget cuts was supposed to light a fire under lawmakers and force them to do their jobs.

Now that the cuts are in effect, they may end up being a crutch to let Congress avoid making tough choices about where money should be spent and where it should be cut.

FULL STORY

Filed under: Budget • Debt
soundoff (8 Responses)
  1. James Bond

    Owner of my workplace is wealthy, and says he does not want or need the program, but like a good little rich guy, will use it anyway, just like buffet, they recognize the harm, and understand the morale of someone else sacrificing their need for a rich mans wants, and that is why they just cant help themselves, heres your sign

    March 6, 2013 08:07 am at 8:07 am |
  2. James Bond

    And yes i understnd he paid in too, but only on the first hundred grand, its the principal of entitlement, not just a poor mans issue

    March 6, 2013 08:10 am at 8:10 am |
  3. James Bond

    But rather, an issue for a poorman, one the rich man cant grasp, the cocept of need.

    March 6, 2013 08:11 am at 8:11 am |
  4. Rudy NYC

    If the dozen members of the Super Committee could not find a way to re-write the draconian cuts, what makes any believe that the entire Congress could do it? Republicans have been campaigning for spending cuts for a couple of years already. Anyone who thought that the Republicans would re-negotiate once the spending cuts were laid down in law is underestimating just how single minded the extreme right wing actually is.

    Remember the prophetic words of Herman Cain who said, "If you're not rich by now, it's your own fault!" I find his phrasing to be extremely troubling. He makes it sound as if there's a master plan under way, and if you haven't prepared for it then it's already too late to do so.

    March 6, 2013 08:17 am at 8:17 am |
  5. WiredweirdinSF

    Interesting? Although the White House has been closed for tours for the American people, it still employs 3 calligraphers being paid $275,000 to send out invitations for parties. That is life under the most corrupt, lying, inept, incompetent, union toady president we have ever had. There is an ap for that.

    March 6, 2013 08:44 am at 8:44 am |
  6. jkane sfl the gop national disgrace party will be swept out like the trash they are in2014 ?

    Blame the gop obstructionest, same old story of the last five years, vote the gop out for good in 2014!!!!!!!!

    March 6, 2013 08:53 am at 8:53 am |
  7. king

    these spending are stupid, we are seeing big companies not hiring because the claim that america is not producing qualified workers, yet all the repubs want to cut is education and research, leaving big businesses no choice to go seek employees in china. our country infrastructure is crumbling like the house in florida and the repubs refuse to join with the president to rebuild our country, and attract investors like what china is currently doing. i admit weve got to cut or tax some of these entitlements. but weve got to keep cuttiing our discrestionary spending which are the lowest in 70s and rebuild our country.

    March 6, 2013 08:54 am at 8:54 am |
  8. Richard

    Republicans are taking a desperate chance by avoiding any compromise letting these cuts go through as written into law. They gamble that such cuts will largely be of no consequence. If they have adverse consequence they will find a way to blame Obama for such, if not they will take credit. To their way of thinking they intent to shape it into a win-win situation. Maybe they are underestimating the intelligence of the majority of Americans. This is a gamble they could lose big time.

    March 6, 2013 09:00 am at 9:00 am |