Sequestration will indeed be catastrophic: catastrophic at least for homeless and low income people who are caught between a market that cannot provide housing they can afford, and a government that cannot balance its books.
This is the question the Republicans want to avoid: "What would you cut instead?" Because when the rubber meets the road, they refuse to answer that question. They want budget cuts that nobody can see where they came from, and that magically protect Republicans from harm.
Republicans on Capitol Hill have dug themselves into a deep and narrow chasm whose walls are about to close in. In a matter of weeks, they may find themselves squeezed mercilessly between their implacable right wing and constituents feeling the pain of sequestration.
Happy Sequester Month! It's about time we talk about this sequester thing. But, what is it? It's confusin' to all of America... and that's Obama's plan. No one really knows what cuts are goin' to be made, we just know we're cuttin'.
Every time Republicans mention a "spending crisis," we should remind them that our non-military spending is at historic lows (to say nothing of the fact that they were the ones who busted the federal budget with tax breaks for the rich, and who blocked the only path to significant cost savings, single payer health care.) It would help, as well, to be more forceful in driving home the message that the government spends (wastes) a lot more on tax breaks for the rich than assistance for the poor. The federal government spends about twice as much on the mortgage interest deduction, for example, than low income housing, and provides most of the mortgage interest gift to upper income people who don't need it. Is it really necessary to spend federal dollars (via tax expenditures) subsidizing multi-million dollar second homes?
The big news in Washington "journalism" circles this week was not the side issue of "did Obama personally come up with the sequester idea?" but the side-side issue of "did Obama personally take Bob Woodward out to the woodshed and beat him mercilessly with a tire iron?" Or something like that...
On the dawn of sequestration, Republicans are still in deep disagreement over how it will affect our military, and in even deeper disagreement over how to handle it. One thing they do seem to agree on, though, is that they aren't willing to close corporate tax loopholes to avoid it.
With the sequester fast approaching, the Republican Party has forgotten that President George W. Bush racked up half our deficit on the War on Terror....
It was going so well, too. My prototype software allowed you to wave your smartphone at your local representative and get back an instant evaluation of either "douchebag" or "half decent."
White House spokesman Ronald Gilliott commented, "How Mr. Woodward interprets a bloody horse head and that note as a threat is beyond me."
The demise of defense is an historic opportunity as well as an inevitability. Managed the right way, it could lead to better peace and security, for example, by breaking us of our habit of seeing everything as threats and throwing money at them.
Have you heard about the undisclosed amount of new un-circulated $100 dollar bills that seem to have disappeared on their way to the Federal Reserve? It seems no one in the federal government even knows how much was lost. Was it billions, maybe trillions? Nobody seems to know.
The main budget battle is just beginning this Friday, not ending. So far, President Obama has done an excellent job of laying out exactly what the Republicans don't want to talk about in public -- that when the federal budget is cut, it has real and lasting consequences to the American economy.
Is it really possible that the president and Congress (who are the elected representatives of the people) cannot agree on any reasonable reductions that would not imperil the health and safety of the nation?
NOBODY ever expects the Sequestration... ...
The sequester will cut economic growth in half this year. But it's now clear, one way or another, that we will get cuts in the $85 billion range that the sequester mandates this fiscal year. All that remains are the details.