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Author Topic: White House details $100 billion in automatic budget cuts  (Read 263 times)
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CeeKay
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« on: September 15, 2012, 06:30:45 AM »

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Army operations and maintenance would lose nearly $7 billion next year, and the Navy more than $4 billion under a looming series of automatic cuts in federal spending. Educational achievement and special education programs would be shaved by $2.3 billion. Hospital insurance would fall $5.6 billion.

And, particularly relevant at a moment that world attention is focused on the continuing attacks on United States embassies and consulates abroad, diplomatic programs and embassy security would lose $1.2 billion.

These are part of the findings by the White House in a new 394-page report that was delivered Friday to Congress, detailing line by line what will happen next year if Washington fails to act to head off about $100 billion automatic defense and domestic spending cuts scheduled to begin Jan. 2. The Obama administration had been reluctant to show its hand on the true impact of so-called sequestration, but once forced to do so by Congress, the White House budget office did not scrimp on the details.

“As the administration has made clear, no amount of planning can mitigate the effect of these cuts. Sequestration is a blunt and indiscriminate instrument. It is not the responsible way for our nation to achieve deficit reduction,” the report concludes.

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