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| Sequester Defined
|This entry was posted on Friday, March 1, 2013 and is filed under Keeba’s Commentary, The War On Terrorism, and Saluting Our
Soldiers and Political Notes.
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|Keeba Smith is a published writer and desired screenplay artist. She is the author of “Shades of Bright Pale,” and many other
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|Tags: The War On Terrorism, Saluting Our Soldiers, Keeba, Poems, Commentary, Barack Obama, Working, Black History, Political Notes,
I used to be an avid political watcher but lately, I have come to my senses and have tried
(VERY HARD) to reduce my few brain cells to such agony. Now, I only halfway listen to
Politics Nation and from time to time, I might catch News Nation. Also, if my husband insists, I
will watch Andrea Mitchell Reports, Jansing & Co., Alex Wagner and his favorite, The Ed
Show. One would think I would put myself out of myself-created misery and just leave the
room, but I have repeatedly proven that I am a glutton for punishment.
I can only allow myself to read and enjoy newspaper articles. However, I will NEVER give up
watching the ONLY legitimate political news guy and that is my all-time favorite "The Daily
Show." If anyone is looking for accurate and impartial news, tune in, as Jon Stewart does not
Notwithstanding, I cannot help but hear about this Sequester-Monster thingy and how everyone
should run into hiding. With the plethora of news covering this Sequester Monster, I am
surprised anyone is able to peak out from their safe haven and figure it all out.
While only receiving tidbits of information, I could only guess what the Sequester Monster was,
so I took to the web and thanks to the following, I was able to gathering a little understanding.
So with that said, this is what I believe to be true. However, as the late Ronald Reagan once
said, "Trust, but verify."
|The Creation of The Sequester Monster:
defense budget produced a deficit. Ultimately, a Bill titled Gramm-
Ruddman-Hollings Act was passed. The Act/Bill was designed to reduce
the deficit and the Treasury Department would withhold funding if certain
conditions were not met.
The Bill went through several changes throughout the years. In 1987, a
new Bill was created with another repeal in 1990, after which, it was
hardly mentioned until 2013 when the Republican-controlled congress
declined to raise the debt ceiling. They would not budge until President
Obama agreed to their idea of a deficit reduction.
In their proposed plan, the Republicans insisted on the following:
With these stipulations, President Obama must have looked through the archives and ultimately pulled out the old
sequester. I can only believe he did this as a way to ensure that everything the unreliable Republicans proposed, would
ultimately lead them to do the right thing for the sake of The People. (Obviously, he was wrong.)
After the "super-committee" was in place, they proposed a future 1.5 trillion in deficit reduction, and it was hoped that
everyone on both sides would agree that immediate cuts in defense and domestic spending would begin on January 1,
2013. However, on November 21, 2011, the super-committee announced the following:
Here we go a sequestering!
With $1.2 trillion in deficit reduction over 10 years, it is problematic when reducing spending leads to a reduction in the
national debt's interest. In addition, all cuts are across the board; nothing will be untouched or cut. Defense will be cut
7.9%, Medicare will be cut 2% and other programs will be cut by 5.8%
Funds will be reduced from domestic and defense, and Medicare recipients who expect reimbursements, will see a
reduction of 2%. Although physicians' rates may remain the same, they will only receive 98 cents on the dollar.
Click HERE for "How the Across-the-Board Cuts in the Budget Control Act Will Work"
These cuts are to last for the remainder of 2013 and afterwards, a new Congress can hopefully put a stop to this
foolishness, as cutting spending is not going to help the economy.
Depending on each State, the sequester will effect the following:
controlled Congress will not budge, as they have vowed to never accept
anything that includes increasing taxes.
The Republican-controlled Congress has issued a proposal as well, but it
included cuts to much needed programs; programs that would hurt the
poor. Let us not leave out the Senate, as they too have proposed Bills,
but is not favored by Congress.
eight months, but hopefully Congress will stop believing they have to bend
to President Obama's will, but the will of The People.
|The President’s Plan: $4 Trillion of Deficit Reduction Including the Last Offer to Speaker Boehner (in $
THE PRESIDENT HAS SIGNED INTO LAW MORE THAN $2.5 TRILLION OF DEFICIT REDUCTION
THE PRESIDENT’S LAST OFFER TO SPEAKER BOEHNER IS STILL ON TABLE:
MORE THAN $1.5 TRILLION IN ADDITIONAL DEFICIT REDUCTION
Even split between defense and non-defense discretionary savings $200
Health savings – could be achieved by: $400
Non-health Mandatory Savings – could be achieved by: $200
Subtotal, Total New Spending Reductions $930 + $200 interest
Limit tax deductions to 28% for the wealthiest and close other loopholes
$580 billion (+$100 billion from CPI change)
Temporary Growth Measures
Immediate investments in infrastructure -$50
TOTAL DEFICIT REDUCTION
Deficit Reduction to Date More than $2,500
New Deficit Reduction $1,800
Total Deficit Reduction More than $4,300
|"After months of hard work and intense deliberations, we have come to the conclusion today that
it will not be possible to make any bipartisan agreement available to the public before the
|President Obama's proposal to Congress follows this video.