Difference between revisions of "Obama sequester"

From Conservapedia
Jump to: navigation, search
m (piped link)
m (wording)
Line 1: Line 1:
The '''Obama sequester''' was a proposal by [[President Barack Hussein Obama]] to Senate [[Democrat]] Majority Leader [[Harry Reid]] relayed by then [[White House]] budget director [[Jack Lew]] to cut [[entitlement]] and defence spending effective January 1, 2013. The idea was to break the deadlock over a [[federal debt ceiling]] debate in the summer of 2011 and "kick the can down the road" past the [[2012 Presidential election]] over paying for Obama's [[stimulus]] spending and "[[healthcare reform]]" during his first term.
+
The '''Obama sequester''' was a proposal by [[President Barack Hussein Obama]] to Senate [[Democrat]] Majority Leader [[Harry Reid]] relayed by then [[White House]] budget director [[Jack Lew]] to cut [[entitlement]] and defence spending effective January 1, 2013. The idea was to break the deadlock over a [[federal debt ceiling]] debate in the summer of 2011 and "kick the can down the road" past the [[2012 Presidential election]] over ways to pay for Obama's [[stimulus]] spending and "[[healthcare reform]]" during his first term.
  
 
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.
 
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.

Revision as of 00:28, 28 February 2013

The Obama sequester was a proposal by President Barack Hussein Obama to Senate Democrat Majority Leader Harry Reid relayed by then White House budget director Jack Lew to cut entitlement and defence spending effective January 1, 2013. The idea was to break the deadlock over a federal debt ceiling debate in the summer of 2011 and "kick the can down the road" past the 2012 Presidential election over ways to pay for Obama's stimulus spending and "healthcare reform" during his first term.

Critics warned Obama's economic plan would create massive unemployment and a recession. Obama repeatedly claimed tax increases on the rich would pay for his plan, and Republicans 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.