Sequestration Reversal Proposal: More Election-Year Politics

May 7, 2012

Media Contact:
Victoria Coley 433.758.6077|victoria@thepublicnotice.org

SEQUESTRATION REVERSAL PROPOSAL: MORE ELECTION YEAR POLITICS

ARLINGTON, VA – Today, House Budget Committee Chairman Paul Ryan (R-WI) oversaw the markup of two related bills that are set to repeal and replace the automatic sequestration cuts set to begin January 2013. The sequester went into effect after the Super Committee failed to come up with a plan that addressed the nation’s growing debt problem and curb government spending.

The sequestration process, a part of the Budget Control Act passed last August, implemented $1.2 trillion in deficit savings over nine years in the event the Super Committee failed.  Republicans in the House are set to reverse cuts totaling $109 billion for next year and put in place a package that cuts $300 billion spread over the next decade.

The House is set to vote on the legislation toward the end of the week and then send it to the Senate for expedited consideration.

Gretchen Hamel, executive director of Public Notice, said:

 “The plans put forth are just another example of election year politics by the House.  Reconciliation must take place in both the House and the Senate, but because the Senate refuses to bring a budget to the floor this year, these plans are basically dead on arrival.

“Instead of focusing on a huge list of ‘to do’ items that need to be addressed before the end of the year, Congress is working to reverse decisions – the only decisions that have been seriously made to address the debt issue.

 “Every day people make tough decisions that they have to stick with. Congress needs to make decisions they can stick with and stop playing politics with America’s future.”

 Fact Sheet: Cheat Sheet: A Closer Look at Sequestration

For more information visit www.bankruptingamerica.org.
To schedule an interview with Gretchen Hamel contact Victoria Coley 443.758.6077 victoria@thepublicnotice.org

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BankruptingAmerica.org is an educational project of Public Notice, an independent, nonpartisan, non-profit, 501(c)(4) organization dedicated to providing the facts and insights on the effects public policy has on Americans’ financial well-being.


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