Washington Gridlock Forces Sequester

March 1, 2013

Friday's meeting between President Obama and leaders from Congress was unproductive, and no deficit deal could be reached to stop sequestration.

Meeting with the President were the top Democrat leaders in Congress, Senate Majority Leader Harry Reid and House Democrat leader Nancy Pelosi and the top Republican leaders, House Speaker John Boehner, and Senate Republican leader Mitch McConnell.

The Republicans insist that they will not agree to ending tax loopholes for the country's wealthiest taxpayers and corporations and want to see only spending cuts. Democrats insist that the wealthiest citizens should start pulling their weight and want tax revisions included in a budget deal. Neither side will compromise.

When asked why he didn't insist the leaders remain in the meeting until a compromise was reached President Obama stated:
 “I’m not a dictator. I’m the president,” Obama said. “[Sequestration] is happening because of a choice that Republicans in Congress have made. They’ve allowed these cuts to happen because they refuse to budge on closing a single wasteful loophole to help reduce the deficit.” 
(Read President Obama's remarks at the press conference here.)

The President continued to call for a compromise even as he was forced to sign an order to begin $85 billion spending cuts. The cuts are expected to reverse the economic recovery and adversely affect government agencies, especially the military.

Reuters reported:
Democrats predict the cuts, known as "sequestration," could soon cause air-traffic delays, furloughs for hundreds of thousands of federal employees and disruption to education. 
New U.S. Defense Secretary Chuck Hagel said the cuts, half of which will fall on the Pentagon, put at risk "all of our missions." 
While the International Monetary Fund warned that the belt-tightening could slow U.S. economic growth by at least 0.5 of a percentage point this year, that is not a huge drag on an economy that is picking up steam.
U.S. News reports the ten industries hurt the most by the sequester are defense; public schools; road bridge and tunnel construction; remediation and environmental cleanup; guns and ammunition; colleges and universities; steel framing; public transportation; airports; and social services facilities.

A cut to the salaries of the members of Congress should be the first cut in a situation like this.

The President's plan rejected by Republican leaders, calls for closing tax loopholes for the wealthiest in our country and for spending cuts:

The Washington Post reported:
Polls shows Obama has broad support among Americans for his approach to taxes and spending. Over coming weeks, senior administration officials said, he will highlight people and localities hurt by the sequester, with the intention of creating pressure to force Republicans to concede. But the president said that could take months.
Polls also show that more Americans are blaming Congressional Republicans than the President for the sequester. At last month's February National Governor's Association Conference, GOP governors publicly expressed dissatisfaction with Republican Congressional leadership. Other Republican members of Congress like Senator Lindsey Graham (R-SC) and Rep. Scott Rigell (R-VA) are moving towards compromise.

If the gridlock continues and the middle class is forced once again to carry the burden of the Washington games, I predict the American people will be making cuts –cuts of Republican House candidates at the polls in the next election. We just may see a Democratic House in 2014 if no compromise is reached.

Explanation of sequester::

President Obama's Radio Address:


Anonymous said...

The liberal kool-aid is overflowing.

Obama signed it into law. That's right he signed it. Only the President could have done this, not the Speaker- Obama. Oh, BTW it was his idea in the first place and needs to share the blame. Most of these "budget cuts" are actually tax INCREASES. Look it up. And speaking of her majesty Nancy Pelosi, she is the poster child of the 1% filthy rich Americans. She's made over sixty million while in office. Her backdoor investments with GM (pre and post bailout), VISA, MasterCard...pharma companies, hospitals - and yes Obama's green energy companies which 90% have failed. She has made millions on the same loopholes, tax breaks, political contributions, you name it. In fact, she is probably one of the most corrupt members of Congress in recent history.

The hundred thousand Federal workers that Obama hired to garner votes and the 50% of the non working, welfare Americans do not want the budget cuts.

Anonymous said...

blah blah blah. over 3/4 of the members of congress are millionaires. Both parties enjoyed the tax breaks for the richest Americans. Time for the rich to pay their share. party's over for the 1%.Most Americans agree. you're talking about the Democrat's Senate bill ,not the WH bill. its also bs that obama hired people for votes.
http://www.huffingtonpost.com/2012/12/30/bush-tax-cuts-poll_n_2384783.htmlmericans want the rich to pay their share.

Anonymous said...

Okay. Under Barack Obama Federal workers have increased by 2.2 million. That comes to about 101 per day, seven days a week. Not to mention the food stamps handed out before elections. Only under Bill Clinton has this been done. Get your facts straight. Nancy Pelosi is not 3/4 of Congress, she is at the top of the 1% of the richest in Congress history - most of her money has been made since Barack took office.

Anonymous said...

The elected are just as bad as the ones in the CNMI.
Other such as Newsmax and many news sites are putting much blame on Obama.
It is almost the same numbers that back Obama as the ones that don't.
But it is the whole electorate from past until now and it just gets worse.
When the "special task force was formed and came up with nothing after this whole temp. "solution" to the problem to keep the US Govt. functioning until they could "fix it properly" came about, many knew already that this particular situation would go the way it is now.
AND Obama as many are stating "Wants" the $4 tril cut, BUT he also wants to raise the debt limit up by another $6 tril.
Obama has put the US in more debt in such a short time than any other President in history.
As stated by many others inside and outside politics "he has no idea about economics".
But the same can be said of the other elected.
They all got to go, all a bunch of babies out for themselves and the hell with the common folks.

Wendy Doromal said...

Under President Obama the workforce did not increase by 2.2 million! Read the facts here, here and here

50%, of the members of Congress are millionaires, including Pelosi. Read more here. Pelosi supports cutting tax loopholes for the very rich, while many millionaire Republicans do not. That is the difference. Here is a list of the richest members in Congress. At number one is Rep. McCaul (R-TX) worth $305 million.

Food stamps are distributed based on income and cannot be "given out before an election." There is a growing number of poor in the country. The median net worth of Americans sank by 47.1% between 2007 and 2010 due to the recession/depression. Of course, more people qualify for food stamps.

Anonymous said...

Not being able to compromise on a budget will affect CNMI PSS dramatically, in particular Head Start. That program is poised to take a deep cut which will damage a much needed program and shelve many of it's valuable programs and directors. A sad day.

Anonymous said...

Democrats can stop whining and hyperventilating. Secretary of State John Kerry just released 250 million to the Muslim Brotherhood in Egypt. No money for school supplies but plenty of cash for a bunch of tenth century barbarians.