Written by by Michael Tomasky for The Daily Beast
First, a little info on the cuts and their predicted impact. These across-the-board cuts to defense programs and domestic discretionary programs (not to Social Security and entitlements) would start to take effect March 1, which the parties agreed to in the fiscal cliff deal. Over the next seven months, this would mean $55 billion in defense cuts and $27 billion in domestic cuts. Those are pretty steep cuts.
We’re less than a month away now from the sequester, the beginning of the deep budget cuts that will kick in automatically if President Obama and Congress don’t come to a budget deal. I have a news flash for you: There is not going to be any deal in the next 25 days. And here’s another news flash: In the Republican tug-of-war between those who want to protect the Pentagon and those who want to cut spending and damn the consequences, it’s looking like the latter are winning. If they get their way, it’s also almost certain that the austerity the cuts induce will cost a lot of jobs and hurt the economy. So the only thing for Barack Obama to do now is start agitating to make sure the American public blames the right culpable party here.
Want to read more? PLease click…