Monday, April 29, 2013

What's a "Sequester"?

There is a stigma with the term Sequester, when really the term is quite simple and easy to understand when explained. The plain definition of a sequester is "Budget cuts that affect all government sections." Nobody likes the term sequester, especially since it does take away from all of the sectors of goverment, that does include national security. "I don't like the sequester. I think it's taking a meat ax to our government, a meat ax to many programs that will weaken our national defense," House Speaker John Boehner, R-Ohio, said Wednesday. But, he added, "Americans do not support sacrificing real spending cuts for more tax hikes."
The cuts would split budgets in half in order to get a handle on the deficite which only grew since the recession. Though, along with the cuts, each sector will have to issue a plan to save money rather than spend more. These cuts will not affect the checks that are issued by Social Security, Veterans Administration, Medicare, food stamps, Medicaid, etc. But there are a lot of other organizations that will get cut. Though why is it so bad? In the article by ABC News it is argued that, "The sequester will mean such awful things because it forces agencies to cut indiscriminately, instead of simply stripping money from their overall budgets." Yet, a lot of people have assured that "federal agencies have plenty of flexibility to implement these cuts while avoiding the worst of the purported consequence."
But, there are many groups that have ideas on how to fix our situation. It is reported in the New York Times aritcle, "President Obama has been less specific than his colleagues in Congress on how he wants to see the sequester replaced, but he has suggested that, in lieu of a bigger deficit reduction deal, he wants to see the 2013 sequester replaced with a package of tax increases (including loophole closures and increases on the wealthy) and spending cuts." Meanwhile Republicans, "As part of John Boehner’s “plan B” approach to avoiding the fiscal cliff (embarked upon after initial talks with the White House broke down), the House on Dec. 20, 2012, passed the Spending Reduction Act of 2012. The plan would have replaced the 2013 defense sequester with a variety of spending cuts, including cuts to food stamps, the Affordable Care Act and Dodd-Frank (including eliminating the “orderly liquidation authority” at the center of the legislation). It would have reduced the size of the domestic sequester in proportion to the $19 billion in discretionary savings included in the bill." While Democrats feel that replacing the sequester with tax increases would be a good route. Nevertheless, there is something being done and will get fixed...eventually. Something of this magnitude can be a quick fix.

Thursday, April 18, 2013

Manifesto Beta Version

If we lived in a nation where the government is not involved at all, eventually we will end up in little clans with their own governments. Despite many flaws in our government, it works though that doesn't mean we can't go for improvement. For example, taxes were only suppose to pull us out of the depression. Though, instead of getting rid of the IRS and taxes, we instead started to lean on to it. I am not trying to say that we we need to eliminate taxes, we instead need to figure out how to lower them and maybe even eliminate taxes on things that we do not  need.