|
The sequester:
"On August 2, 2011, President Obama signed the Budget Control Act of 2011 as part of an agreement with Congress to resolve the debt-ceiling crisis. The Act provided for a Joint Select Committee on Deficit Reduction (the "super committee") to produce legislation by late November that would decrease the deficit by $1.2 trillion over ten years. When the super committee failed to act, another part of the BCA went into effect. This directed automatic across-the-board cuts (known as "sequestrations") split evenly between defense and domestic spending, beginning on January 2, 2013."
The President came up with the idea in the first place. Then when it actually happened he backpedaled on it.
And it actually only cut 85 billion out of a 2.77 TRILLION dollar budget in 2013.
By the way...the President has done complete backflips with the sequester.
First he thought it up. Then he pushed it through Congress and even went on National Television to the American people to pressure Congress to pass it.
It was then passed by DEMOCRATS (who controlled Congress, the Senate, and the White House) in 2011...and was signed into law by Pres. Obama.
Then when it actually happened...he ran away from it.
And now...that it did happen and the deficit went down a couple of ticks...he BRAGS about reducing spending! LOL!
Typical politician...
|