Sequestration leaves many programs like Social Security, welfare, food stamps, and Medicaid untouched, while having devastating effects on national security
Spending Cuts Are Happening, One Way or Another
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Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending, rather than a deliberative plan that sets priorities, trims entitlements, and cuts other spending. But they are law.
It would be better to replace them with smarter cuts, but the reality is that Washington has to start cutting spending now. Real program reforms and a balanced budget are the only way to solve our continuing fiscal crises. So it is critical that Congress keep its word and follow through on these spending cuts to prove it is serious about bringing our budget into balance over the next 10 years.
Now that the March 1 deadline is approaching, the President is urging Congress to offset the sequestration budget cuts with more tax increases.