Tag Archives: Unless Congress

President Obama Calls for a Responsible Approach to Deficit Reduction

By <a href="/author-detail/475">Colleen Curtis</a>

Unless Congress takes action, over the next few weeks our economy will be hit with harmful automatic cuts that threaten hundreds of thousands of middle class jobs. These cuts will slash vital services for children, seniors, people with mental illness and health care for our troops and military families.

President Obama strongly believes we need to replace these arbitrary cuts with balanced deficit reduction, and today he was at a shipyard in Newport News, VA to talk about what these cuts — which are known as the sequester — will mean for middle class families.

While the full damage of these cuts will spread to nearly every corner of our economy over the next few months, some workers will receive layoff or furlough notices within days. Many of the 5,000 companies and small businesses from across the country that supply Newport News Shipbuilding with parts and equipment will be impacted, which will affect the firm's productivity. And down the road at the Norfolk Naval Station, the threat of these cuts has already forced the Navy to cancel the deployment and delay the repair of certain aircraft carriers, and postpone building on additional vessels. If the cuts are implemented, about 90,000 Virginians who work for the Department of Defense will be forced to take unpaid leave from their jobs, creating a ripple effect on thousands of other jobs, businesses, and services throughout the Commonwealth – and not just in the defense industry.

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Source: FULL ARTICLE at The White House

Sen. Rand Paul: ‘The Sequester Is A Pittance’

By Breaking News

Rand Paul 4 SC Sen. Rand Paul: The Sequester Is a Pittance

(CNSNews.com) – While President Obama and many Republicans are now “caterwauling about the sequester,” tea party conservatives say the $1.2 trillion in automatic spending cuts over ten years is only a start:

Tea Party people are saying the sequester is a pittance,” Sen. Rand Paul told CNN’s “State of the Union” host Candy Crowley on Sunday. “One trillion dollars, and we’re increasing spending $9 trillion. So really, even with the sequester, spending goes up $7 trillion or $8 trillion over the next 10 years. We’re not getting close to scratching the surface of the problem.”

Unless Congress replaces the indiscriminate spending reductions with specific cuts by March 1, spending automatically will be cut by $1.2 trillion over ten years, with half of those cuts coming in defense and half in discretionary domestic spending.

Read More at CNS News . By Susan Jones.

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Source: FULL ARTICLE at Western Journalism