Tuesday, February 19, 2013

AVOIDING THE NEXT FISCAL CLIFF - THE SEQUESTER COMING IN JUST TEN DAYS.............

With the threat of Sequestration, the automatic across the board cutting of Federal spending that will severely cut Education, Social programs, and the Defense Budget, is now only ten days and minimal if any effort is being made to address avoiding it from occurring before it takes effect on March 1.  $85 billion in cuts will occur ten days from now, as the law passed by the 112th Congress and signed by President Obama requires, as a result of failing to reach a Grand Bargain, unless Congress and the White House strike a deal on  spending and revenues to address the Federal Deficit, and avert the Sequestration.  President Obama returned from a Presidents Day holiday weekend golfing in Florida, and issued a challenge to the Congress at a news conference this morning; while the Congress is on a week long recess, with the clock ticking.  A bi-partisan group pof Senators are reported to be ready to offer an acceptable compromise proposal to address and avert the Sequester.  However, it is also being reported that the House Republican Leadership are being threatened with removal from their positions by Tea Party members of the Republican Conference in the House, should they support any compromise deal that includes revenus / tax increases, in addition to spending cuts.  Thus it is increasingly likely the Sequester may arrive and be take effect, unless an agreement to prevent it can be hashed out between the Congress next week.  As I have said before and will continue to proclaim - and have confidence a high preponderance of Americans agree with, "Do the Jobs you were elected Members of Congress and Mr. President.  Sequestration need not happen, if you do what the your Constituents and Fellow Citizens elected yo do.  Show the Leadership and Responsible Action required of you by virtue of your election to serve the well being and common good of the American People by addressing the Fiscal challenges facing our Government and National Economy.............Fr.  Troy  

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