facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

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

WASHINGTON

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.”


Comments

1redeye1(5669 comments)posted 3 years, 4 months ago

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

Suggest removal:

2VINDYAK(1824 comments)posted 3 years, 4 months 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?

Suggest removal:

3NoBS(2832 comments)posted 3 years, 4 months 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.

THROW THE BUMS OUT!!!

Suggest removal:

4papa1(711 comments)posted 3 years, 4 months 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.

Suggest removal:

5jojuggie(1723 comments)posted 3 years, 4 months ago

Famous last words by the worst Speaker of the House:

"WE MUST PASS THE BILL TO SEE WHAT'S IN IT."

Suggest removal:


News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes