$85 BLN sequestration cuts, come into affect today

**claud3** · 03-01-2013

This is the ripple effect, that will be felt for years and this is the turning point of U.S spending and hopefully they will realize they are crumbling from the inside out and the whole world is watching, the Roman empire falling all over again http://rt.com/usa/us-braces-for-sequester-651/

**claud3** · 03-01-2013

Link is working... I am doing this from my phone and this is why it was not working... really sorry guys about that

**Chickenooble** · 03-02-2013

Nothing more than hype. The "automatic cuts" that happen are going to take place over the next two years. It's not like money is just going to vanish out of thin air. In 2012 we had a 1.3T deficit on our 3.5T federal budget. The CBO thinks about 44B in cuts would happen in 2013.

Against last years figures, it's approximately 3% reduction of our annual deficit and about 1% total of the federal budget.

Yes, some agencies will be impacted, but it's not the end of the world. It's not like we're Ron Pauling the deficit and seriously tackling our debt and spending issues. This is just smoke in mirrors from our politicians, the media is feeding it to you with the largest spoon they have, and you're swallowing it without a second thought.

My predictions:
* Unemployment will slowly tick upward a percentage point or two, but not rise above 9.5%
* This will be the Republicans fault.
* GDP growth will be even slower; doubtful this ushers in a recession.
* Credit Rating get's cut again in the next year or two.
* We'll continue to have 1T+ deficits for the rest of the Obama presidency.

**DreDayDetox** · 03-02-2013

Is it wrong of me to say that overpopulation is one of the problems?

**Vulgotha** · 03-02-2013

Originally Posted by DreDayDetox

Is it wrong of me to say that overpopulation is one of the problems?

I'd say so, yea.

**Morganator** · 03-02-2013

Originally Posted by DreDayDetox

Is it wrong of me to say that overpopulation is one of the problems?

Overpopulation has nothing to do with it. All this is is just Republicans and Democrats playing a fake game of chicken, knowing full well that these "cuts" are only "cuts" in proposed spending increases. Coincidentally, the $85 billion in cuts is about the amount the FED prints on a monthly basis. As I see things from where I'm sitting, we all may as well let the dollar tank and lose its last bit of value and go into default like we should. There is no point in even trying to avoid it any longer.

**claud3** · 03-02-2013

The spending is the problem and unprofessional leaders...

**The Black Wolf** · 03-10-2013

Unemployment dropped to 7.7% after February. Are these cuts going to affect the economy's recovery?

**claud3** · 03-10-2013

Originally Posted by The Black Wolf

Unemployment dropped to 7.7% after February. Are these cuts going to affect the economy's recovery?

Friend they are made up and not true... You live in a country and like others, a country of lies

**The Black Wolf** · 03-10-2013

Originally Posted by claud3

Friend they are made up and not true... You live in a country and like others, a country of lies

Are you saying the unemployment dropping to 7.7% is a lie?

**claud3** · 03-10-2013

Yes it is to make you believe the country is getting better, it happens here in the UK and all over Europe. Its's the fact of lies

Sarcism is a great thing