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Automatic spending cut won’t hurt America much, GOP and White House concede

Published: Sun, March 3, 2013 @ 4:42 p.m.

Automatic spending cut won’t hurt America much, GOP and White House concede

Associated Press


The spending cuts are here to stay if you believe the public posturing Sunday.

The Senate’s Republican leader Mitch McConnell called them modest. House Speaker John Boehner isn’t sure the cuts will hurt the economy. The White House’s top economic adviser, Gene Sperling, said the pain isn’t that bad right now.

So after months of dire warnings, Washington didn’t implode, government didn’t shut down and the $85 billion budget trigger didn’t spell doom. And no one has a tangible proposal for rolling back those cuts.

“This modest reduction of 2.4 percent in spending over the next six months is a little more than the average American experienced just two months ago, when their own pay went down when the payroll tax holiday expired,” McConnell said.

“I don’t know whether it’s going to hurt the economy or not,” Boehner said. “I don’t think anyone quite understands how the sequester is really going to work.”

And Sperling, making the rounds on the Sunday news shows, added: “On Day One, it will not be as harmful as it will be over time.”


1redeye1(4901 comments)posted 2 years ago

Once again, the LIAR in the White House looks like the FOOL,he really is

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2VINDYAK(1799 comments)posted 2 years ago

Suddenly ... its not a big deal!

So, all that screaming that the sky is falling was a rouse?
Who is loosing credibility here? I see our President is flip flopping again.

What are we supposed to believe out of this man?

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3Gman(46 comments)posted 2 years ago

"... I see our President is flip flopping again .."
And for everbody else on this planet that is called lying !
"... Who is loosing credibility ..."
That would be the person who has be lying for the past two weeks.
If anybody thinks, it is unreasonable to cut spending by 2.4%, when in fact you are over spending by 40% for DECADES, then you have no common sense. Common sense is severely lacking in Washington DC ...
And now Obama states he will NOT allow each department to determine how best to make their own cuts. What an evil man ...

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4NoBS(2114 comments)posted 2 years ago

CONGRESS - and the POTUS - realize that the public is highly ticked off at them for allowing this latest fiscal malfeasance to take place. Their now claiming it's no big deal, after a month or more of trying to convince us that: 1) It WAS a big deal; and 2) It was "the other guy's" fault is nothing more than their hope that they'll be re-elected to their cushy, overpaid jobs.


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5papa1(703 comments)posted 2 years ago

that all may be true but it doesn't excuse boner for being the worst speaker in u.s. history. he's under the heel of a few bug life teabaggers and doesn't have the balls to do what's right for everyone.

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6Gman(46 comments)posted 2 years ago

"... the worst speaker in u.s. history ..."
In my opinion, that was Nancy Polosi.
Nacny Polosi still believes that Congress needs to spend more and to tax more! She and everyone else that believes this has no common sense and no sense of responsibility. This is child-like behavior.
"... doesn't have the balls to do what's right for everyone ..."
What has John Boehner not done that you claim is "right for everyone" ?

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7jojuggie(1602 comments)posted 2 years ago

Famous last words by the worst Speaker of the House:


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