CR: Sequester cuts appear likely.

Post #371,166 by Another Scott 2/10/13 10:50:28 AM Reply	CR: Sequester cuts appear likely. http://www.calculate...-more-likely.html A key policy goal right now is to minimize short term austerity since the deficit as a percent of GDP is already shrinking quickly, and the deficit should continue to shrink over the next few years. So my view has been that something would be worked out on the "sequester" that would minimize immediate spending cuts. It appears I may be wrong, and the "sequester" cuts might happen on March 1st. [...] The DOD is talking about a roughly 1-day-per-week furlough for civilian employees for the rest of the year (-20% for 6 months = -10% for the year) - http://www.nytimes.c...-budget-cuts.html Cheers, Scott. (Who still expects the sequester to be short if it happens, but who knows what will be put in place even if it is short. Much more tax revenue is needed, but who knows if Boehner can get it past the teabaggers...)
Post #371,171 by dmcarls 2/10/13 3:30:38 PM Reply	Re: CR: Sequester cuts appear likely. >>> Much more tax revenue is needed... A quick peek here: http://costofwar.com/ shows clearly why entitlements must be cut. (snark off)
Post #371,172 by hnick 2/10/13 3:45:24 PM Reply	Those number are light Spending includes only incremental costs Â those additional funds that are expended due to the war. For example, soldiers' regular pay is not included but combat pay is included. Potential future costs, such as future medical care for soldiers and veterans wounded in the war, are not included. These figures also do not include additional interest payments on the national debt that will result from higher deficits due to war spending. What has already been committed to is probably at least 3 times higher than those numbers. And we still have no chance whatsoever of winning. Anything.
Post #371,175 by folkert 2/10/13 5:29:46 PM Reply	Imagine if we'd have... put that amount of (era)money on Vietnam... -- greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C
Post #371,176 by boxley 2/10/13 5:33:38 PM Reply	yeah, we would have had 14.5% mortgages in the carter era Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 57 years. meep
Post #371,178 by mmoffitt 2/10/13 7:00:19 PM Reply	You mean instead of during the Reagan era?
Post #371,181 by boxley 2/10/13 7:19:49 PM Reply	my bad, thought it started earlier Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 57 years. meep

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