If you think things are bad now, or if you think the past recession was bad, wait and see how bad it gets when the cons slash the government spending. Yeah, we all know the government is bloated. But using a meat cleaver for surgery is only going to make EVERYTHING a lot worse. 60,000 pentagon contractors will be cut next month, just for starters. Hey, I'm all for cutting the war machine, but without other jobs for people to go to it just adds to the unemployment rate. Then there's the ripple effect from the loss of all those jobs. Many more service sector jobs will be lost, because there's no need for them without people to serve. With all the other cuts to entitlements, seniors won't get their SS, and medicare on time, causing massive disruptions in payments to doctors, retirement homes, hospitals, and insurance companies. You can forget about getting any tax return until maybe September, and maybe not then, because many IRS workers will be laid off too. All this is going to cause a drastic reduction in GDP, which will cause a devaluation in the U.S. credit rating, which will cause much higher inflation. There's going to be another round of real estate foreclosures, from millions more people losing their jobs. Property values will go down again. Banks cease to make loans again. All the gains the stock market has made will be wiped out. Forget your 401k. And with all this cutting and slashing, the $17 trillion national debt won't go down a dime. In fact the deficit will probably grow, because interest rates will skyrocket. The interest on the national debt is a half trillion a year now. By next year it may be a trillion. The crime rate will explode. Desperation crates lots of crime. This is also going to have devastating consequences on the global economy too. As the U.S. goes, so goes the U.S. allies. I think we're going to lose a lot of our "so called" friends. I've probably underestimated what's going to happen. I'd really like to hear the cons "up side" to this. Since there is no way the cons are going to go along with any alternative that Obama or the dems come up with, the next GREAT DEPRESSION is being brought to all of us, thanks to the cons of America.
Yes, those humanitarian Democrat politicians want to save us but the evil Republicans will stop them. You keep believing that.
The Sequester was negotiated by both political parties prior to the recent presidential election... It pushed issues of the public fisc off the front burner for The Presidents re-election. There is still time to negotiate and I wonder if we still had guys like Tip O'Niell, Dan Rostonskowski and Bob Dole would they be able to work it out? Was watching the giant Sierra Club, Greenpeace rally against the keystone pipeline on the tube yesterday. The Protesters carried a giant plastic Backbone half the length of a football field. They called it " The Backbone Tour" We are getting plenty of backbone here, but little negotiation. The Sequester is coming and it will not be nearly as bad as people think.
Do we worry that the "Little Eichmanns"* working for defense contractors are going to get a furlough? :devil: * see Lewis Mumford
Congress went on a 10-day vacation starting last Friday. http://news.yahoo.com/two-weeks-sequestration-congress-takes-vacation-163555649.html
The president is for the sequester and made sure it was law. and the spending rate is still the same. yes some research programs and a tiny portion of defense budget. the world won't end. but it does set a precedent though, that the democrats and republicans both agree to cut the poor as long as there's the illusion of real spending cuts. while they give themselves raises and go on vacation half the time. it's disgusting and a disgrace. we as a nation need a general strike where nobody works and we all march washington and don't leave, like they did in egypt. that will get their attention alright..
We're only about a week away from the sequester, and now the republican governors are starting to sweat. In states like Virginia, where the pentagon supplies a lot of jobs, there's going to be about a 20% cut in revenue, from 60,000 job losses. The voters in those states are going to be calling for the heads of those governors on a platter. The cons in congress are determined for sequester to take place. 13% in all government spending, EXCEPT FOR CONGRESS PERSONS PAY. They don't cut their pay one dime. But, if their pay was cut off until they fixed the problem, it wouldn't take more than ONE DAY. Betcha.
The Air Force says that there will be no more fly overs for NASCAR. atriot: I wonder if the sequester means that the DEA will cease hassling medical marijuauana shops and the landlords in California? will funding for D.A.R.E cease? Doggy sniff DWI checkpoints ?
With most of America taking a pay cut with the sequester, there will be many empty seats at the races. All government agencies, including DEA will be furloughed one day a week. Some will lose their jobs. The pentagon alone is laying off 60,000. Colorado is advertising legal pot smoking for tourists in that state. Colorado and Washington will have no problem with revenue. Pot may be legal in most states in the next two years, just for the revenue it will bring.
This is good news. The war machine is taking a budget cut. The hugly bloated defence is not sustainable. Commen sense from Congress for once.
The Little Eichmanns don't work for defense contractors; nor do they work for the DoD. This means salaried workers that are hired on basis of qualifications. (Whether those qualifications are put to work is another matter.) But among those unaffected by this sequestration (a hot topic of debate during the Bush I years too) are political appointees: appointed on basis not of qualifications but of their loyalty to the President & party. Our elected officials & their sycophants've done us no favors for nigh onto 40 yr now, but for some well-worn, media-inspired reason, we're still obsessed w/ defense contractors.
Sequestration is like steering your car towards a brick wall at 85 mph instead of 90 mph. It's only an insignificant reduction of deficit spending.
