Sunday, July 22, 2012

WILL THE OBAMA ADMINISTRATION ACTUALLY MAKE SPENDING CUTS?

 House Passes bill giving Obama 30 days to provide sequestration details
Breitbart – Tony Lee – 7/21/2012
According to The Hill, the bill passed in a 414-2 vote, and the language in the bill is similar to language in an amendment to a Senate farm bill that calls on the Defense Department to issue a report on the economic impact of defense sequestration by August 15.

The Obama administration has not indicated which programs they intend to cut, and pressure is mounting on the administration and Democrats to lessen cuts from defense spending.

Rep. Buck McKeon (R-CA) said that the Obama administration needed to give details about the pending defense cuts in order to give industries that would be impacted a heads-up.
Democrats have been trying to get Republicans to raise taxes for a reduction in defense cuts, but Rep. Paul Ryan (R-WI) -- and other Republicans -- are not falling for their ploy.

"Since there's an absence of leadership on these critical fiscal issues from the president of the United States, from the Senate of the United States, at the very least, show us how this is going to work." 
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