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Political Discussion
Reply to ""The Fiscal Cliff""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What is it?[/quote] A nickname for a budget procedure called "sequestration." Congress resolved the debt ceiling debate by putting the federal budget on a course for automatic, across-the-board cuts to the entire federal budget. The super committee was supposed to come up with a plan that would make cuts in a more targeted fashion that would preserve priority areas, but they could not agree. So, starting on January 1 the federal government will be cut by just shy of 10% - across-the-board - unless Congress and the President can rescind the law and come to some other agreement.[/quote] How about we cut the president and the house/senate? That should do it. [/quote]
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