Friday, August 1st, 2014

Obama signs sweeping US budget cuts into effect

Chris Carrington
The Daily Sheeple
March 2nd, 2013
Reader Views: 656


The midnight deadline for the Sequester issue to be solved as come, and gone without a deal being reached on how to avoid the damaging cuts. Obama has blamed the Republicans saying:

“They’ve allowed these cuts to happen because they refuse to budge on closing a single wasteful loophole to help reduce the deficit…we shouldn’t be making a series of dumb, arbitrary cuts to things that businesses depend on and workers depend on”

He warned of huge job loses if a deal was not reached and that growth will slow. The IMF has stated that the cuts will depress global economic growth.

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Contributed by Chris Carrington of The Daily Sheeple.

Chris Carrington is a writer, researcher and lecturer with a background in science, technology and environmental studies. Chris is an editor for The Daily Sheeple. Wake the flock up!

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  • http://T Evie

    States, cities and counties keep raising taxes too. Soon few homeowners as people will not be able to pay property taxes.
    I may have missed it but any big taxes on banks or corporations?

  • Gods Creation

    What “cuts”. There is not a single federal agency that will not get more this year than last.

    A “cut” means they will not get as much more this year as they did last.

    They even lie about their lies.

    • JoeRepublic

      That’s how lies work brother. One lie begets another, and another, and another, until there are so many lies that need to be covered with more lies, they forget which lies they need to lie about. Eventually, the lies get so commingled that a little truth leaks out and even the blind can see it.

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