(CBS News) WASHINGTON — We are 9 days from a subsequent inhabitant self-inflicted bill crisis: big, across-the-board cuts in a sovereign bill will strike automatically on Mar 1. The cuts are designed to be so low and deleterious that they would force a boss and Congress to concede on a improved way.
“These cuts are not smart, they are not fair, they will harm a economy, they will supplement hundreds of thousands of Americans to a stagnation rolls,” President Barack Obama pronounced Tuesday. “This is not an abstraction. People will remove their jobs. The stagnation rate competence parasite adult again.”
Watch: Obama warns of a dangers of a “sequester,” below.
Obama wants some-more taxation revenue, though Republicans contend no. Both sides contend it’s adult to a other to give in.
There will be a
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Source:
http://www.news.ezonearticle.com/2013/02/19/whats-next-in-the-looming-budget-crisis/
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