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Two Reasons The Republicunts Will Hate This
#24
RE: Two Reasons The Republicunts Will Hate This
And they are the ones trying to squash it.

History is not your long suit, is it?

https://en.wikipedia.org/wiki/Budget_Con...ct_of_2011


Quote:The bill was the final chance in a series of proposals to resolve the 2011 United States debt-ceiling crisis, which featured bitter divisions between the parties and also pronounced splits within them. Earlier ideas included the Obama-Boehner $4 trillion "Grand Bargain",[13] the House Republican Cut, Cap and Balance Act, and the McConnell-Reid "Plan B" fallback. All eventually failed to gain enough general political or specific Congressional support to move into law, as the midnight August 2, 2011, deadline for an unprecedented U.S. sovereign default drew nearer and nearer.[14]
The solution came from White House National Economic Council Director Gene Sperling, who, on July 12, 2011, proposed a compulsory trigger that would go into effect if another agreement was not made on tax increases and/or budget cuts equal to or greater than the debt ceiling increase by a future date.
Ultimately, the intent of the sequester was to secure the commitment of both sides to future negotiation by means of an enforcement mechanism that would be unpalatable to Republicans and Democrats alike. President Obama agreed to the plan. House Speaker John Boehner expressed reservations, but also agreed.[15]

Which brings us to where we are today.

http://www.usatoday.com/story/news/polit.../25018823/

Quote:WASHINGTON — Under pressure from the Pentagon and a bloc of Republican lawmakers, House GOP leaders have agreed to add additional defense spending into their annual budget resolution when it comes up for a vote next week.

But even more typically of the cunts....

Quote:Price's budget already includes $94 billion in a war fund that is not subject to spending cuts and does not have to be offset by cuts elsewhere. It is $36 billion more than President Obama's $58 billion budget request.

The pressure stems from a 2011 budget law Republicans championed that put in place strict spending caps on defense and domestic spending. If the caps are exceeded, it triggers automatic, across-the-board spending cuts known as sequestration.

Yes...still playing the Bush game of putting things on the credit card and pretending it doesn't count as spending!
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Messages In This Thread
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 5, 2015 at 7:56 pm
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 5, 2015 at 10:47 pm
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 6, 2015 at 4:03 pm
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 6, 2015 at 4:15 pm
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 6, 2015 at 4:54 pm
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 6, 2015 at 4:26 pm
RE: Two Reasons The Republicunts Will Hate This - by Minimalist - August 6, 2015 at 5:10 pm
RE: Two Reasons The Republicunts Will Hate This - by Lek - August 6, 2015 at 5:33 pm

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