The fiscal deal to avert “The Sequester” did not materialize, and according to Barack Obama, it is the fault of Congressional Republicans. Make no mistake though, this “sequestration” was signed into law by BARACK OBAMA on August 02, 2011.
Democrats across Washington, DC and the nation are shrieking and howling that the mandatory sequestration is being caused by Congressional Republicans who are unwilling to negotiate. In reality, the Republicans are just following the limitations and restrictions of the Budget Control Act of 2011. The Act that Barack Obama signed into law 19 months ago.
The Budget Control Act of 2011 gave the President vast leeway to increase the debt ceiling at that time, but required that budget cuts be made that were greater than the amount of that ceiling increase. Obama quickly spent through the money allotted, but Democrats in Congress were unwilling to cut spending, instead opting to RAISE TAXES to generate more funds for them to spend!
Since the spending cut amount requirements of that Budget Control Act were NOT met, automatic cuts outlined in that Act are now going to be put in motion. Those automatic cuts were clearly outlined when Barack Obama signed the Act. Make no mistake these cuts are not a surprise to Obama and company.
Much like frat kids who are happy to drink all night, but loathe to pick up the mess, Congressional Democrats and the President have spent funds on pet projects, false stimuluses, and pie in the sky programs – for which the tab has now come due, and instead of taking responsibility have taken to blaming Congressional Republicans for actually following the law.
Democrats like Congressperson Maxine Waters have become so ramped up in their fearmongering of the sequestration that exaggeration is seeping into their hourly diatribes “We don’t need to be having something like sequestration that’s going to cause these job losses – over 170 million job losses…” Waters’ spokesman later corrected the exaggeration in an email to The Daily Caller saying that Waters “obviously misspoke – she meant 170 thousand, not 170 million, jobs”. Sure, mispoke, because 170 thousand just wouldn’t have had the terrifying impact that a number 1000x larger does!
Democrats want to raise taxes to make up the difference, further crushing the stumbling American economy, Republicans have asked for significant spending cuts that follow the requirements of the Act signed into law so many months ago by the President.
The President is now blaming Republicans saying “Let’s be clear … It’s happening because of a choice that Republicans in Congress have made. We shouldn’t be making a series of dumb, arbitrary cuts to things.” Those “dumb, arbitrary cuts” are mandatory cuts that Obama signed into law!
So who is really to blame? Is it the Democrats who spent like drunken sailors, and now want to leave the American Middle class with the hangover? Or is it Republicans, who are refusing to raise taxes, and instead told Democrats to strap in and make cuts to satisfy the requriements of the Act?
In our article “the trigger” we outline the automatic spending cuts. Some cuts will be painful, many are going to force cuts in government agencies desperately in need of a slim down.
Make no mistake though, no matter how many times Obama and the Democrats try and shift blame, these arbitrary cuts are the payment for the spending Obama and the Democrats signed for 19 months ago.