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Old 02-25-2013, 01:53 PM   #1
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4 p.m. sequester press conference

today

Boehner to hold 4 p.m. sequester press conference - MarketWatch
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Old 02-25-2013, 01:55 PM   #2
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hummmmm after the stock market closes, which has been in the red all day. I wonder what he will say and if the timing is for a reason?
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Old 02-25-2013, 01:59 PM   #3
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Maybe he is going to explain that the cuts that the democrats want to make are actually reductions in the increase of spending, while a reduction, this is still an increase.
Then, he will point to the tax increases that the dems want to put in it and make the argument that it will do nothing to start reversing the trend of over spending.

If you believe everything he will say, it will be 100% democrats fault and no fault of the republicans, who are once again being blamed for something that is not their fault. Or so they want you to think.
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Old 02-25-2013, 02:13 PM   #4
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Maybe he is going to explain that the cuts that the democrats want to make are actually reductions in the increase of spending, while a reduction, this is still an increase.
That may be true for some of the departments, but it is not true of the DoD:
CBO | Long-Term Implications of the 2013 Future Years Defense Program

The DoD has been reducing budget for the past few years with no increase planned for the next several years. The impact of sequestration to the DoD budget is actually pretty huge.
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Old 02-25-2013, 02:19 PM   #5
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I've been wondering if the GOP figures they can go on losing or not.
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Old 02-25-2013, 02:35 PM   #6
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I'm curious as to why everyone is freaking out over cutting 2%....
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Old 02-25-2013, 02:39 PM   #7
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I'm curious as to why everyone is freaking out over cutting 2%....


Because of furloughs. Furloughs mean that children are going to be going without iPods and people will have to settle for bone-in chicken. :(
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Old 02-25-2013, 02:41 PM   #8
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Because of furloughs. Furloughs mean that children are going to be going without iPods and people will have to settle for bone-in chicken. :(
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Old 02-25-2013, 02:53 PM   #9
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I'm curious as to why everyone is freaking out over cutting 2%....
If you have a mortgage to pay and bills to pay, let's see you do it for 6 months with 20% out of your paycheck per payday. I don't see Mr. Boehner or any of the other idiots in Congress taking a pay cut. For all the work Congress has done on the budget in the last 4 years, they shouldn't get a paycheck at all.
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Old 02-25-2013, 02:53 PM   #10
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I'm curious as to why everyone is freaking out over cutting 2%....
Only speaking for myself, I am freaking out because they're not CUTTING anything as I understand the word.
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