% | $
Quotes you view appear here for quick access.

Altria Group Inc. Message Board

  • pilodialcyst pilodialcyst Feb 8, 2013 10:39 AM Flag

    House GOP Sequester demand as ransom

    Those funny Tea-Droolers held the US economy and the credit rating hostage by demanding a sequester of trillions so that the debt ceiling would be raised. They calculated... wrong... of course that the president would not be re-elected. Now what happens?

    Given that nobody in Washington, DC can agree on what should replace the sequester, the logical thing for them to do would be to repeal it.

    After all, the one thing everyone in DC seems to agree on is that the sequester is bad policy. To allow it to happen as some sort of "punishment" for not coming up with a plan for replacing it would be one of the cruelest jokes our capitol city has ever played on the nation.

    And it's not just that nobody can agree on how to replace the sequester—it's that the fundamentals have changed since it was signed into law 18 months ago in the summer of 2011.

    The budget deficit at the time for fiscal year 2011 was $1.4 trillion. The forecast for this fiscal year is $845 billion.

    Even if you remove the sequester from the forecast, that's a 33 percent drop. In other words, we're already making progress on deficit reduction, even without the sequester.

    We do not need the sequester to bring the deficit down. It didn't make sense back in 2011, but even if it did, we don't need it now.

    The GOP..... ideology and the politics of flabby, middle-aged, uneducated evangelical white men, trumps the good of the nation.

    Sentiment: Strong Sell

63.92+0.13(+0.20%)4:00 PMEDT