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Topic: US Politics

Should the President (whoever wins) allow the $100 billion automatic spending cuts in January to take effect?

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Discussion started by Jeff Moskowitz:
As part of a deal reached last summer to end the debt ceiling crisis, $100 billion in automatic cuts are scheduled to hit the budget in January unless the two parties can compromise to stop it. The cuts would reduce the deficit by $1 trillion over ten years, but they may throw the economy into another recession. Should the president allow the cuts to take effect?
Background article: White House details fiscal cliff spending cuts Under pressure from Congress, the Obama administration on Friday detailed for the first time how more than $100 billion in spending cuts slated for January will ripple out across thousands of federal programs and projects. ... Read more