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Post by Forever Sunshine on Feb 17, 2013 14:29:11 GMT -5
Unless Congress steps in, some $85 billion in massive spending reductions will hit the federal government, doling out furloughs to much of the nation's 2.1 million federal workforce, experts say.
The cuts coming as a part of the "sequester" will end up carving some 9% from non-defense programs and 13% from defense programs. They're part of a larger effort to trim $1.2 trillion from federal deficits over 10 years.
Daniel Werfel, a controller for the Office of Management and Budget, told a Senate panel Thursday that furloughs won't happen until after agencies negotiate with unions, and that's not expected to be finished until after March 1.
money.cnn.com/2013/02/17/news/economy/federal-worker-furloughs/index.html?hpt=hp_t2
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Post by a on Feb 17, 2013 14:51:21 GMT -5
Some congresspeople actually want the sequester to happen.
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Post by jackthelad on Feb 17, 2013 14:57:33 GMT -5
No good me making a comment, I don't know what they are trying to do in our country never mind in America, after saying that, i don't think our government know what they are doing either. Think I have more faith in Obama than Cameron.
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Post by robinpa on Feb 19, 2013 23:56:40 GMT -5
Some congresspeople actually want the sequester to happen. Yup and the majority of the congressmen who want the furloughs to happen are the repos who are still more interested in playing obstructionist politics than trying to work with our president to fix the economic problems they and ole dubya caused in the first place.
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