Fix the Debt Issues Sequestration Report Card

Fix the Debt creates report card in advance of critical votes on national debt

In the coming days, Congress will once again have to decide what to do about another round of potential budget cuts, known as sequestration. 

These self-imposed deadlines are designed to be fuel for their fire to start making the right decisions because failure to act means kicking in a series of cuts that are politically and economically unpopular. 

We face a $16 trillion dollar debt that is growing, action is important. Fix the Debt appreciates the lead role being taken by Senators Jeanne Shaheen and Kelly Ayotte in working to shape a long term solution. More work must be done. We will see how Congress fares.

[Attached is a copy of Fix the debt's sequestration report card.]

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Seamus Carty February 23, 2013 at 03:00 PM
So you are comfortable spending money we don't have. Just borrow more from China. Our great grandchildren will be paying this off... And let's hear about Obama's balanced approach. In the last deal, there were $47 worth of tax increases for every $1 in spending cuts... Some "balance"...
R. Scott White February 23, 2013 at 04:39 PM
Seamus, the problem is that everyone knows we have to cut costs in federal spending. The problem is that the problem is so vast that it's gotten to the point that no one knows where to begin. There seem to be so many OBVIOUS cuts that are being overlooked! Things like billions of dollars to aircraft that are proven failures, bridges to nowhere, bloated Congressional salary packages, and such. The complaints above are not so much "ooo, if you cut that, you'll hurt the poor and elderly", but more "Is THAT where you want to start?" I agree that you need to start cutting, but you need to go after things that are bloated, not things that actually have some use. Save those for last.
Proud Conservative February 24, 2013 at 10:47 AM
The dollar amount of the sequestration is such a miniscule percentage of the federal budget that its impact on overall federal spending will be negligible. Let it happen!
Joe February 25, 2013 at 03:44 AM
@Proud Conservative - Spot on! Let this "manufactured crisis" happen. The sky is falling, the sky is falling! George Will's column in today's Manchester Union Leader ( http://www.unionleader.com/article/20130223/OPINION02/130229599/-1/opinion01 ) gives one a "true" perspective of this "2.3%" cut in spending ( equal to .5% of gross domestic product). BTW, the repeal of the "Bush tax cuts" has had more of a financial impact on working families than this "2.3%". If my family can survive a with less money, so can Washington! If Washington needs more money, extend the "federal confiscation of wealth program" to the 49% who pay no federal income tax! Force them to "belly on up to the bar and lay their money down." ( http://washingtonexaminer.com/its-worse-than-romney-said-49-on-federal-aid-49-pay-no-tax/article/2508314 )
steve forte February 25, 2013 at 05:15 AM
How broke are we? The total value of all residential property in the US in 2012 was estimated at 18.6 trillion. We owe around 17 trillion. Think about it.


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