Automatic spending cuts re-emerge as central issue in budget battle

  • Article by: ANDREW TAYLOR , Associated Press
  • Updated: October 15, 2013 - 1:20 AM

WASHINGTON — The broad, automatic spending cuts known as sequestration have re-emerged as a central issue in efforts to end the partial government shutdown and avert a federal default.

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bik4u62Oct. 15, 13 8:14 AM

Both the ACA and the 2011 Budget Control Act are established law. If you argue that current law should not be held ransom over budget negotiations, then you have to apply that argument to all laws - not just the ones you favor.

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avejoeconOct. 15, 13 8:39 AM

What a surprise? The democrats want to increase spending and to pay for it, increase taxes. Same thing, different day!!!!

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avejoeconOct. 15, 13 8:49 AM

Snce Obama was elected, our spending has increased by nearly 30%. Anyone else able to spend 30% more than they did in 2008? Now, the question is, if it increased by 30%, why can't they find a 5% cut? OH, I know, it would not buy votes!

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redblack30Oct. 15, 1310:24 AM

I quote Dean Baker from yesterday: Contrary to widely repeated stories of out-of-control deficits and spending, deficits have plunged in the last four years falling from 10.1% of GDP in 2009 to just 4% of GDP in 2013. The Congressional Budget Office projects the deficit to be just 3.4% of GDP in 2014. The lastest projections show the debt-to-GDP ratio falling for the rest of the decade...we have not had a constant upward path of spending...During the Reagan presidency spending averaged more than 22% of GDP...This year it is projected to be 21.6% of GDP... Over the longer term, spending is projected to rise...because of rising health care costs..we pay twice as much per person for our health care as the average for other rich countries...

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theagonybhoOct. 15, 1311:55 AM

Sequestration good more spending bad.

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