Wednesday, January 16, 2013

Who’s Afraid of Sequestration?

The $1.2 trillion spending sequester was once hailed as a political win for Democrats and as a point of leverage for the White House in the fiscal-cliff negotiations. Republicans, however, now see the automatic spending cuts as a possible trump card as they prepare for a series of budget showdowns.
Congressional Republicans who are committed to reining in federal spending appear willing to let the sequester cuts begin to take effect this year. “Of all the things I’m pretty sure of in life, the sequester will happen,” says Grover Norquist, president of Americans for Tax Reform. “Our team wants to see spending cuts.”

Read more: http://www.nationalreview.com/articles/337796/whos-afraid-sequestration-andrew-stiles

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