Sequestration Is Going to Happen

No signs of any deals to prevent it forthcoming

The chances of a last-minute deal in the latest US tax and spending crisis appeared to be receding after Republican leaders said no new compromise would be tabled in talks at the White House scheduled for Friday.

Draconian cuts to the US budget are scheduled to kick in at midnight Friday, with the White House warning it will lead to teachers being laid off, defence orders scrapped, air travel delays, vaccine projects shelved and border security reduced.

The cuts stem from the latest clash between Barack Obama and Republicans in Congress over tax and spending. The difference this time is that neither Obama nor the Republicans are actively seeking the usual last-minute deal and Washington is braced for a prolonged stand-off in the so-called "sequester" crisis.

Comments

[Sevo]

Well, it's a start...

[Night Elf Mohawk]

Draconian cuts...

Wow. Just wow.

[Paul.]

What, 2% holdback in the rate of growth isn't draconian to you?

[ThatSkepticGuy]

"Draconian cuts to the US budget are scheduled to kick in at midnight Friday, with the White House warning it will lead to teachers being laid off, defence orders scrapped, air travel delays, vaccine projects shelved and border security reduced."

Also, earthquakes, volcanoes, solar flares and internet lag.

Oh, and everyone who dies of natural causes any time within the following week died because of the DraconianEvilNaziRacistWarOnWomenObstructionist cuts.

[buybuydandavis]

" White House warning it will lead to teachers being laid off, defence orders scrapped, ... and border security reduced."

They say that like it's a bad thing.

[XM]

You mean highly paid federal government workers to be furloughed for a few days, but will be compensated for any lost time in the future? JUST like millions of unemployed Americans?