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Tag Archive: Budget Reduction


 

Austerity Kills Government Jobs as Cuts to Budgets Loom

 

sequester-cartoon-ramirez-3

 

 

The federal government, the nation’s largest consumer and investor, is cutting back at a pace exceeded in the last half-century only by the military demobilizations after the Vietnam War and the cold war.

The reductions are designed to be indiscriminate, cutting everything from air traffic control to nursery schools.

And the turn toward austerity is set to accelerate on Friday if the mandatory federal spending cuts known as sequestration start to take effect as scheduled. Those cuts would join an earlier round of deficit reduction measures passed in 2011 and the wind-down of wars in Iraq and Afghanistan that already have reduced the federal government’s contribution to the nation’s gross domestic product by almost 7 percent in the last two years.”

   Left unsaid in all this talk of sequestration , budget “cuts” and austerity is the fact that if this government cannot even find a way to scale back annual growth by a measly 2% without “catastrophic” consequences then ANY HOPE for getting the deficit under control and limiting the endless growth of government is hopeless . If this is in fact the case then we are doomed . You’d better brush up on your Chinese .

 

Illustration By Michael Ramirez

 

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Why The Sequester Is The GOP’s Worst Possible Move

 

 

 

 

” The danger for Republicans is that they will bury emerging news about economic weakness tied to higher taxes and more far-reaching regulations and instead promote a story line that puts a new round of disruptive spending cuts at the center of an economic slump — courtesy of the GOP.

I’ve been arguing for months that Washington is trying to shrink the deficit faster than is economically sound. The sequester would only exacerbate this shortsightedness with automatic cuts designed to do the maximum damage per dollar saved.

In other words, this is about the worst way to cut government, and it would be happening at the worst possible time for Republicans.”

Sacred Cows

” “It’s going to be a hell of a Labor Day,” said Jim Dyer, a former GOP staff director to the House Appropriations Committee, estimating the date the White House Office of Management and Budget will issue its report that details programs and projects targeted for cuts on Jan. 2, 2013. “You put specifics out there, and each cut is a story unto itself. It’s an unenviable position to be in.”

That’s precisely why many Republicans are urging Mitt Romney to avoid specifics on which programs he’d slash as the campaign season heads into its final stretch.

“Why would you want to go out on a limb and say, ‘I’m for this and this and this specific thing?’” said Sen. Chuck Grassley (R-Iowa). “You ought to do like [Ronald] Reagan did, if you want to be president of the United States, have a few big things and talk about them.” “