The Republicans are demanding austerity. Well, this is what it looks like. President Obama has secured extended unemployment benefits, loans for retraining and support for our veterans, so the landing should be softer than if the Republicans were as draconian as they wanted to be.
WASHINGTON — The U.S. economy (click here) unexpectedly shrank from October through December, the first quarterly drop since 2009 and a reminder of the economy’s vulnerability as automatic cuts in government spending loom.
The Commerce Department said the economy shrank at an annual rate of 0.1 percent mainly because companies restocked at a slower rate and the government slashed defense spending. Those trends partly reflected uncertainty late last year about the fiscal cliff, which Congress averted in a deal reached Jan. 1....
The Commerce Department said the economy shrank at an annual rate of 0.1 percent mainly because companies restocked at a slower rate and the government slashed defense spending. Those trends partly reflected uncertainty late last year about the fiscal cliff, which Congress averted in a deal reached Jan. 1....
The Republicans could not come to an understanding regarding the necessity to structure their budget cuts in a way that is meaningful, so here we are now. The Republicans need to structure the sequester cuts to be sure they act minimally on the USA economy.
There is no reversing the cuts, it has to be done, so they should do it well. Entitlements have absolutely nothing to do with this.
There is no reversing the cuts, it has to be done, so they should do it well. Entitlements have absolutely nothing to do with this.
