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Sequester Impacts: August 19 - August 25 Looking Ahead to FY 2014

US Politics & Gov't  (tags: abuse, americans, congress, cover-up, dishonesty, economy, ethics, freedoms, government, healthcare, Govtfearmongering, lies, media, military, politics, propaganda, socialsecurity, usa, troops, war, republicans, democrats )

- 1761 days ago -
OMB Report Showing New FY 2014 Cuts if Sequestration Stays in Place: The U.S. Office of Management and Budget issued a report on August 20 estimating the extent of sequestration cuts that would be required if either the House or Senate appropriations le

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JL A (281)
Tuesday August 27, 2013, 1:26 pm
Coalition on Human Needs

Sequester Impacts: August 19 - August 25

A little departure this week - we look forward (with trepidation) to FY 2014, the fiscal year that starts October 1. The Office of Management and Budget (OMB) was required by law to issue a report on August 20 detailing the impact of the deficit reduction law on spending next year. Because Congressional decisions are far from final, OMB had to speculate based on funding levels so far approved by the House and Senate. OMB found that under the Budget Control Act's spending limits, the House would have to cut defense programs $47 billion lower than its current recommendation. It wouldn't have to cut domestic programs more, because it has already slashed them far below the Budget Control Act's caps. The Senate provides higher funding levels on the assumption that the Budget Control Act will be changed. If it isn't, the Senate's defense total will have to be cut by $54 billion; its domestic/international appropriations will have to be cut by $34.3 billion.

But the likeliest scenario right now is that Congress enacts a temporary spending bill continuing this year's funding level. Even that runs afoul of the Budget Control Act, which would force a $20 billion defense cut starting in January if nothing else is done. And now we hear from Treasury Secretary Jack Lew that the federal government will run out of authority to borrow in mid-October. Some in Congress want to tie raising the debt ceiling to demands like de-funding the Affordable Care Act or slashing entitlement programs. Learn more.

There are still more examples of Head Start cuts, housing cuts, jobs cuts, and meals cut for homebound seniors.

The upshot? There are incentives across ideology to make changes in the deficit reduction law. But advocates for meeting the health, nutrition, income, and other needs of low-income people must fight hard to prevent replacing sequester cuts with cuts to SNAP/food stamps, Medicaid, low-income tax credits, Medicare or Social Security benefits. More revenues from upper income people and profitable corporations would help.

Kit B (276)
Tuesday August 27, 2013, 1:58 pm

The trouble with this article is that it deals with reality while the Congress can't even spell reality. The most dangerous pea brain ideas are those who would cut even more or shut down the government for their own ideology over the needs of the country. I wonder sometimes why some of these people run for office, they hate government, they claim that shutting down the government would hurt no one, which proves they really do not understand the function of government. Ideology over reality, a dangerous combination.

I guess we do have to wait and see if there are still real leaders that can or will guide the budget debts in the fall.

JL A (281)
Tuesday August 27, 2013, 2:02 pm
You cannot currently send a star to Kit because you have done so within the last day.

JL A (281)
Tuesday August 27, 2013, 3:38 pm
LOL Terry!

Sheila D (194)
Tuesday August 27, 2013, 4:33 pm
As a senior on SSA, and SNAP, And HRA...this is just plain depressing. Noted and thank you.

JL A (281)
Tuesday August 27, 2013, 4:40 pm
It isn't very positive I agree GGma. You are welcome.You cannot currently send a star to GGma Sheila because you have done so within the last day.

Julian Robert Gonzalez (112)
Tuesday August 27, 2013, 4:51 pm
Thank you for this story.
I agree that the sequester impacts are serious. I believe that military budgets need to be cut but not entitlements. Cut waste in government for reducing deficit instead. But all this is of no importance if unconstitutional executive orders are enforced. Only Congress can create laws but presidents use illegal executive orders to make laws and get away with them because we let them. Cuts to entitlements mean nothing if you don't have any under martial law. This video shows the executive orders and what they do. Beyond scary. Terrifying.

Mitchell D (87)
Tuesday August 27, 2013, 5:39 pm
I have convinced myself that the sequester cuts were not the sad result of the opposing political parties not being able yo reach a compromise, but a purposely, and slyly, arranged fall back position for the Republicans, who never intended to achieve a compromise.
The sequester cuts achieve much of the Repug financial agenda, don't they? Who is getting hurt the most, not the wealthy?

. (0)
Wednesday August 28, 2013, 7:14 am
This sequester needs to stop. Thanks for sharing, JL.

JL A (281)
Wednesday August 28, 2013, 8:22 am
You are welcome Julian and Laura.
Sequestration law has been on the books for decades and is always a consequence of failing to agree on budget legislation.
You cannot currently send a star to Laura because you have done so within the last day.

Nancy L (141)
Wednesday August 28, 2013, 11:04 am
Congress is not worried with the needs of the country Kit. Congress, both parties, only worry about themselves. We have a one party system today. The party of politicians who are grabbing power. Dem, Rep, Ind....they are all of one mind...taking the power from "We The People"

Deb E (63)
Wednesday August 28, 2013, 12:20 pm
Yet, talk about war and they are all ready to jump in and spend money on that. They can't care about the country. If they did, their portfolios would be diminishing, not growing. And hey, 'if you don't have a great portfolio, you ain't nothin', right? The people in DC are so far removed from reality it truly is pathetic.

JL A (281)
Wednesday August 28, 2013, 12:43 pm
You cannot currently send a star to Deb because you have done so within the last day.

James Maynard (84)
Wednesday August 28, 2013, 2:17 pm
It is amazing how quickly the drums of war
are sounded, but no food for those "takers."
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