Sunday, February 24, 2013

Lots of reading on the sequester

I have no idea why, but I tried to get  a handle on how bad this whole sequester could hit the market.  In the end, I don't think it does a thing and is brushed aside as a non-event.

Here's the impact on the various States.

Sequester Impact On States Detailed In New White House Reports
WASHINGTON -- It's looking increasingly like the government is about to impose on itself $85 billion in across-the-board spending cuts. So as part of its strategy to pressure Republicans into accepting new revenues as part of ...

McCain on CNN

Candy Crowley Goes Off On McCain: If Sequester So Bad, Why Is ...
Sen. John McCain (R-AZ) joined CNN anchor Candy Crowley on Sunday morning where he was asked about the ongoing Congressional fight over the mandatory cuts in the sequester slated to take effect next week.

Paul Ryan's view...

Paul Ryan Championed Sequester Since 2004, Now Calls His Own ...
Paul Ryan has been pushing for sequestration since 2004. He bragged about getting it in 2011. Now that it's here, Ryan thinks it's not good government.

The Miami Herald chimes in...

How bad will the sequester be, and who is to blame -
MarketWatchHow bad will the sequester be, and who is to blameMiamiHerald.comIt's Washington's latest case of economic hostage-taking: If Congress and President Barack Obama don't reach a deal by Friday, the budget gets whacked! Voters have heard thes ...

And he's not the only one who thinks this...

Obama exaggerating impact of sequester, GOP senator says - CBS News
Washington TimesObama exaggerating impact of sequester, GOP senator saysCBS NewsPresident Obama is "absolutely" crying wolf on how drastically Americans will be impacted if the deep, across-the-board cuts known as the "sequester" go into effect at th ...

What people are tweeting about it...

Bob Woodward: Obama wrong about sequester origins -- automatic spending cuts were initiated by the White House.
Saturday, February 23, 2013 8:51:37 PM

Even the Whitehouse themselves...

What you need to know about the sequester: This is about people living with mental illness:
Sunday, February 24, 2013 10:19:04 AM

Automatic cuts - known as the sequester - would cut lending to small businesses by $540M:
Saturday, February 23, 2013 5:27:07 PM

And finally, both sides are pointing their respective fingers on where the fault lies.

Both Sides Point Fingers on Sequester - Washington Wire - WSJ
The Obama administration and lawmakers warned of the consequences if automatic spending cuts kick in Friday and blamed each other for the impasse.

No comments:

Post a Comment