Past Budget Disappointment Leads Some to Favor Sequestration

Sunday, 10 Feb 2013 01:36 PM

By Sandy Fitzgerald

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
The agreement two years ago to cut $37.8 billion from the federal budget appears to have fallen far short of President Obama’s assessment at the time that it marked “the largest annual spending cut in our history.”

Many of the cuts didn't cut anything. For example, the Transportation Department got credit for cutting a $280 million tunnel from its budget, even though the tunnel had already been canceled.

Such gimmicks meant federal agencies absorbed $23 billion in reductions without losing any employees, reports The Washington Post.

Back in 2011, both parties agreed to the cuts, with the president lauding them and Republicans cheering the deal as a path to financial austerity, according to the Post.

Republican Rep. Mick Mulvaney of South Carolina says that in reality many of the cuts were “smoke and mirrors” and that budget cuts in Washington speak don't “mean the same thing that normal people mean.”

Now, two years later, many lawmakers are embracing the sequester and its across-the-board cuts.

While both Obama and GOP leaders have said they don't like the idea of across-the-board budget cuts, many conservatives say they can at least count on sequestration to bring real cuts.

The change can be attributed in part to the 2011 experience.

“The administration offered, and the Republican leadership accepted, cuts in stores of funding that . . . were unlikely to be used in the future,” recalled former Obama administration official Richard Korgan, who is now with the nonpartisan Center on Budget and Policy Priorities.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Illinois Republicans Call for Immigration Reform

Wednesday, 23 Apr 2014 06:45 AM

Two Republican lawmakers from Illinois, Reps. Adam Kinzinger and Aaron Schock, have come out in support of immigration r . . .

Rand Paul Debates Issues - and 2016 - With Obama Ally Axelrod

Wednesday, 23 Apr 2014 06:26 AM

Rand Paul came to Chicago yesterday and did something a Republican thinking about running for president typically wouldn . . .

Texas AG to Feds: 'Come And Take' Disputed Land

Tuesday, 22 Apr 2014 23:11 PM

Texas Attorney General Greg Abbott has a message for the Bureau of Land Management about disputed land along the Oklahom . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved