The president signed an order Friday required by law that set in motion $85 billion in automatic, government-wide cuts - cuts that both Democrats and Republicans said they didn't want, though they couldn't agree on how to prevent them.
The cuts amount to roughly 9% for a broad range of non-defense programs and 13% for the Pentagon over the rest of the current fiscal year, which ends on September 30.
They were included in a 2011 deal to raise the federal borrowing limit as an unacceptable outcome if Congress failed to agree on a comprehensive deficit reduction plan. That plan did not happen.
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Post by: CNN's Jessica Yellin, CNN's Tom Cohen Filed under: Barack Obama • Politics |
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Lol yup slap em with the truth and it usually shuts em up every time. And as you can see here it worked pretty good. Happy truth hunting @ hamsta! Lol