The era of austerity is here-politico: President Barack Obama and congressional Republicans are dug in on the sequester, and there are no signs of a quick fix to the $85 billion in across-the-board spending cuts that both sides say they disdain.That could certainly change after a few bad months of economic numbers or a public outcry. But until average Americans feel the cuts, neither side looks willing to budge on the key issue of revenues without some game-changing factor. And neither party is inclined to risk a government shutdown on sequester politics.
Monday, March 4, 2013
The era of austerity is here
The era of austerity is here-politico: President Barack Obama and congressional Republicans are dug in on the sequester, and there are no signs of a quick fix to the $85 billion in across-the-board spending cuts that both sides say they disdain.That could certainly change after a few bad months of economic numbers or a public outcry. But until average Americans feel the cuts, neither side looks willing to budge on the key issue of revenues without some game-changing factor. And neither party is inclined to risk a government shutdown on sequester politics.
