Congress: We're Not Avoiding Cliff Cuts
Democrats considering putting them off again, but many skeptical deal will emerge
By Kevin Spak, Newser User
Posted Jan 30, 2013 11:15 AM CST
"I think it’s more likely to happen. And I’m ashamed of the Congress, I’m ashamed of the president, and I’m ashamed of being in this body, quite frankly," Lindsey Graham says.   (AP Photo/Ann Heisenfelt)

(Newser) – Washington is bracing itself for a sweeping, painful set of across-the-board spending cuts, because lawmakers doubt they'll be able to come up with a deal to avert them, the Washington Post reports. While proposals are in the works to avert what's known as sequester, party leaders don't see a compromise emerging before the March 1 deadline. Harry Reid is considering delaying them yet again, the Wall Street Journal reports, but is insisting that such a delay come with more tax revenue and spending cuts attached.

Republicans say more revenue is out of the question, and they're not desperate to avoid sequester. While the cuts were devised as a Sword of Damocles that would force a compromise, the emerging consensus is that they wouldn't be so bad, harming the economy and rattling markets only a little. The sequester "is the only cuts we've got right now," John Cornyn says. Paul Ryan recently echoed the sentiment, saying sequester would make Republicans less likely to shut down the government when the budget expires March 27.

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Showing 3 of 8 comments
hog_one
Jan 30, 2013 2:42 PM CST
The economy is down for the first time since 2009, a federal budget hasn't been passed in 5 years and the federal deficit is now about 16.5 trillion dollars. Yet all these problems belong to the GOP or Bush Administration. President Obama wants to try and spend our way out of debt. So can anyone tell me how if I'm about to file chapter 11, I can spend more money to avoid it? Don't give that I, as a person and the goverment don't compair. Because "WE" the people are the federal goverment or at least that was what I was taught in grade school, junior high, high school and college.
Pragmatist
Jan 30, 2013 12:28 PM CST
The quicker the cuts... the better The broader the cuts... the better The deeper the cuts... the better To be immediately followed up with tax reforrms... so that resulting revenues meet/exceed spending. NO MORE DEBT GROWTH!!!
M_Polk
Jan 30, 2013 12:04 PM CST
The GOP of the House don't care if the US defaults... What they don't realize is that it will be blamed on them when it happens. There is only so much they can try to hang on Obama. Look out 2014.