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Obama sequester

604 bytes added, 06:09, 28 February 2013
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Critics warned Obama's [[economic planning|economic plan]] would create massive [[unemployment]] and a [[recession]]. Obama repeatedly claimed tax increases on the rich would pay for his plan, and [[Republican]]s compromised by voting for tax increases for the first time in two decades. As part of the deal, Obama's sequester cuts were delayed 60 days to avoid the inevitable [[fiscal cliff]] of his plan.
==What the sequester is==The Obama plan called for immediate cuts totally $85 billion to be divided equally between defence spending and programs such as [[Medicare]] and [[Social security]] for the remainder of fiscal year 2013. On the employment side, defence cuts are reflected in lost [[payroll]]s totalling half of the [[sequester]], or $42.5 billion; this is essentially $10,000,000 ''per hour'' in reduced payroll spending <ref>a classic picture of what is meant by the term, "economic contraction".</ref> by the federal government for individuals employed mostly as civilian contractors. Many will see permanent jobloss. A ripple effect, or "trickle down" effect will been seen soon thereafter in lesser paying retail positions.
==Democrat plans for dealing with sequester==The Democrats are said to be planning calls for more extended unemployment benefits and [[infrastructure]] projects, which is of course, what the massive [[Obama deficits]] were created to alleviate in his first term , and the cause of the sequester. Infrastructure projects do nothing to solve the underlying problem of unemployment, leaving workers unemployed again once the project is completed or government funding runs out or .<ref>There is a limit to how many highways, bridges, and public buildings can be built. And it is the project States and localities that must pay the cost of permanently maintaining them. Many states and localities are already struggling to maintain basic services like police, fire, and teachers. As [[FDR]] discovered, "infrastructure" is completeda campaign slogan that does more to prolong the crisis and extend the suffering. </ref> Likewise, extended unemployment benefits do nothing to address the problem of job creation. ==Notes==<references/>
[[Category:Obama administration]]
[[Category:Man made disasters]]
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