sequester
16 pieces tagged “sequester”, newest first.
GOP Must Not Allow Obama and Big Spenders in Both Parties to Blow Through Spending Caps
It hasn’t gotten much attention, but two big budget showdowns are looming in Washington in the weeks ahead. The first is what to do about raising the $18 trillion debt ceiling. And the second is whether to retain the spending caps/sequester cuts in the 2016 budget. Treasury Secretary Jack Lew announced last week that Congress will bump up against the debt ceiling in November.
Funding the U.S. Department of Offense
If you want to know how serious Republican presidential candidates are about fiscal responsibility, just look at their positions on the spending caps put into place by the Budget Control Act of 2011. The caps, which largely cover domestic discretionary programs and the defense budget, brought a modicum of restraint to the federal spending train that careened out of control under the Bush and Obama administrations. But for the special interests that live off the largesse — particularly weapons manufacturers and lobbies for foreign governments that don’t mind U.S. taxpayers footing the bill for their defense needs — restraint on the Pentagon’s war chest is unacceptable.
