Sequester Spells Doom

The sequester- it’s the $85 billion in automatic budget cuts that are set to take effect Friday unless Obama can agree on a new way to cut a federal debt that exceeds $16.5 trillion. This is only the latest GOP budget battle. These budget fights have been nearly constant in Washington recently. There have also been ideological clashes between Obama and the conservative House Republicans. Obama is seeking a “balanced” plan that includes new revenues through taxes on the wealthy as well as spending cuts. The budget resolution that funds the government expires March 27^th. This sets up prospects for another government shutdown in the near future. Or it may simply be delayed again in the 11^th hour.

http://www.usatoday.com/story/news/politics/2013/02/28/obama-sequester-mcconnell-shutdown-debt-ceiling/1953879/