Obviously not that important since Boehner has, once
again, called for a House vacation in
the wake of a fiscal crisis – previous Boehner fiscal crisis House vacations
have lasted up to 5 weeks! This time
Boehner called for a 10 day vacation for his representatives just three days prior to sequestration
deliberations!
What is
sequestration?
According to an article at politico.com “Simply put it’s the formal
term for mandatory cuts to federal programs – the process of cordoning off money
that may have been authorized by Congress, but is now prohibited from being
spent. Literally, the money is being “sequestered” – taken away from the
federal agencies affected.”
How did the
sequester come about?
When the government was
approaching its August, 2012 debt ceiling limit which needed to be raised through a congressional vote or the
country would default, Democratic congressional members were in favor of a “clean”
vote without strings attached, but Tea Partied Republicans demanded substantial cuts in social programs in exchange for raising the debt limit. (Keep in mind that – prior to Obama’s presidency - Republicans haven’t always been
against raising the debt limit. See what
we’re talking about in the related link below.)
President Obama and congressional
leaders ultimately agreed to the BCA which would allow the debt ceiling
to be raised in exchange for the establishment of a Super Committee tied to the enforcement of a sequester as a
fall-back. We all know how that turned out - the Super
Committee’s recommendations were sent to file 13 and our nation’s credit rating was downgraded from triple A to –A.
How would
sequestered cuts affect the country?
According to an article at washingtonpost.com, “Many defense
officials have warned that the cuts will lead the military to be “hollowed out”. Democratic legislators,
similarly, warned about cuts on
vital social programs including Medicare
and Social Security, and defense, health care and other industries that are
significantly dependent on federal spending will suffer major job losses.
How can the
sequester be avoided?
Congress must pass a budget deal
that would achieve at least $1.2 trillion in deficit reductions without any strings attached.
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