January's Automatic Spending Cuts Spook Congress -- Aviation WeekA meat axe approach to Washington’s budget deficit problem that hacks away at nearly every corner of American society - from farmers to weapons manufacturers - is spooking the very U.S. Congress that embraced the idea nearly a year ago.
Barring any decisions to suspend or alter the plan known as “sequestration” in Washington budget parlance, $109 billion in across-the-board spending cuts will kick in on Jan. 2, 2013.
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My Comment: The Congress buckled last year when the White House threatened them on the need to increase the debt limit .... hence the passing of this incredibly stupid and destructive bill. Now .... with another budget battle looming on the horizon .... and another debate on increasing the debt limit probably occurring just before the election .... we are now finding ourselves back to where this debate all started .... but with more debt and higher spending.
It is during moments like this one that I always remember a saying that I once read ....
.... When you do a mistake once, you are a philosopher. If you do the same mistake twice .... you are an idiot.
My money is on Congress proving to me once again that they are idiots.
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