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Sequester shenanigans

House Speaker John Boehner’s remarks to reporters Thursday included a comment that makes clear the GOP approach to the sequester is so unserious that no deal looks even remotely possible:

“I’ll tell you the same thing I told my Republican colleagues at our retreat,” said Boehner, according to The Hill. “The sequester will be in effect until there are cuts and reforms that put us on a path to balance the budget in the next 10 years.”

So, House Republicans are not only willing to let the sequester hit, but the only acceptable replacement will be a plan that wipes away the deficit in 10 years – all without new revenue?

Let’s consider what this means. Eliminating the deficit in 10 years with no new revenue would require extraordinarily deep cuts to the federal government. The Center on Budget and Policy Priorities recently concluded that doing so would require across-the-board cuts of one-sixth to one-third of spending on government programs, depending on whether defense and/or entitlements are included.

Then there’s timing. There is simply no chance that House Republicans will produce such a budget by March 1, when the sequester is scheduled to take effect. Wiping out the deficit in 10 years with no new revenue would be at least as bad as the Paul Ryan plan – probably worse – yet even that plan was loaded with unspecified cuts and other big question marks.

Surely this drives home just how profound the imbalance has become between the two parties’ handling of this issue.

The sequester came from the WH and the President's staff as a way to hold the Reps hostage with the idea that this adminstration could get yet another delay in offering any cuts for a balanced approach. Just like they have no desire to create a budget. This is their way of staying on a spending path. Their hope is that the Reps will fold. The Reps are offering revenue. When are you folks going to realize that your party has no intention of cutting anything, they just want to keep spending. The sequester was created by the President and his staff. You should be angry at them as they are not compromising and have no desire to fix anything. They will not deal, just keep promising they will and then they do not. You are about to see what happens now when your party decides that it is okay to keep spending. Inflation will rise, we will be in a double dip recession, and the dollar will decrease in value yet again.

Obama and the democrats are famously citing their FALSE claim that they cut $1.7 Trillion last year....this $86 billion cut is their 1st down payment on the promise Obama and the democrats authored ........can you imagine how draconian an $86 Billion cut will be on Obama's $3.6 TRILLION annual budget that borrows 40 cents of every dollar?

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