Debt limit raised, now Obama trying to stop Sequestration
Democratic Senate Majority Leader Harry Reid has refused to produce a budget in over three years. Now, Obama has missed his legally mandated deadline to submit a budget proposal to Congress on the first Monday in February, for the fourth time in five years. Fiduciary responsibility doesn’t seem to be in this administration’s vocabulary.
While not producing a budget again this year, despite having months to prepare it, the president is playing sequestration politics in calling for Congress to stop the automatic budget cuts scheduled to hit March 1.
On that date, the sequester will begin taking slices out of defense and domestic non-defense spending, adding up to $1.2 trillion in “cuts” over a ten year period – $120B a year out of over $3600B spent by Obama – a 3 and 1/3% cut, which is really only a reduction in the rate of growth. Draconian it is not!
These cuts were avoided when the fiscal cliff was avoided, but the cuts were never supposed to happen at all. The idea behind Obama’s sequestration proposal (yes, it was his idea) was to create automatic spending “cuts” so scary that Republicans would have no choice but to strike a deal — since it has worked thus far.
The Republicans are just like Charlie Brown with Lucy holding the football, with the Democrats promising to hold the line on the debt, but pulling back just before cuts are made, once again watching the Republicans fall on their backs.
The only thing Democrats will let Republicans kick is the proverbial can down the road.