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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

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

1VINDYAK(1799 comments)posted 1 year, 6 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:

2Gman(46 comments)posted 1 year, 6 months 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 ...

Suggest removal:

3papa1(662 comments)posted 1 year, 6 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:

4Gman(46 comments)posted 1 year, 6 months ago

papa1,
"... 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" ?

Suggest removal:


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