Sequestration day has arrived in Washington, D.C. and by 11:59 Friday night, the White House will be forced to order across-the-board, indiscriminate budget cuts in European-style austerity that could plunge the United States back into recession.
By 11:59 Friday night, the White House will officially have to order the sequestration, a series of across-the-board, indiscriminate budget cuts that threaten to send the United States back into recession.
Florida Governor Rick Scott returned to his tea party roots Wednesday when he strangely said that if the sequestration is instituted, it will be because President Barack Obama’s administration, “fails to do its job.”
It’s an arcane budget term, but the sequester, is set to fundamentally reshape federal spending in ways that could set the economy on a path back to recession. The sequester is the beginning of a scheduled decade of financial austerity like has been seen in Europe in recent years.
It’s beginning to look more and more likely government spending in the United States is going to be hit with one of the largest austerity packages in recent memory.
For the second time in as many weeks, the Republican Party in Congress has blinked in a standoff with the White House over fiscal matters that threaten the economy of the United States.
The next time your boss complains that employees are simply not getting the job done, remind them it could always be worse; he could be in charge of Congress.
As the nation moves closer and closer to the “fiscal cliff,” the public is making it known who they will blame if the nation falls off the cliff and into unprecedented austerity.
As the debt debate continues to expose cracks in the foundation of support for both parties, Republicans gathered behind closed-doors to try to create a sense of unity.
Florida is poised to lose $88 million in airport construction money if Congress can’t or won’t approve a new Federal Aviation Administration spending bill by midnight.