Why would the administration not welcome Defense Secretary Chuck Hagel’s efforts of finding smarter cuts that would offset furloughs?
The budget conference committee required as part of the agreement that reopened the federal government will meet formally for the first time today. As we noted last week, this committee is not expected to do much beyond discussing a replacement of the sequester spending cuts.
There are smart cuts that Washington can make across the federal government, and sequestration proved it. Why? Because when the White House and Congress threw up their hands, refused to budget, and accepted the worst case scenario, federal agencies began to adapt and made smarter cuts to help minimize the damage.
…All week, while Congress fought over next year’s budget, federal workers were immersed in a separate frantic drama. They were trying to spend the rest of this year’s budget before it is too late. The reason for their haste is a system set up by Congress that, in many cases, requires agencies to spend all their allotted funds by Sept. 30. If they don’t, the money becomes worthless to them on Oct. 1. And — even worse — if they fail to spend the money now, Congress could dock their funding in future years. The incentive, as always, is to spend.
What is truly causing a drag on the economy – the sequester or higher taxes? Lenwood Brooks, policy director of Public Notice, joins the Bill LuMaye Show to discuss high taxes and how they are negatively impacting the economy.
Two years ago, Washington came together to reach a historic bipartisan compromise to reduce out-of-control federal spending, otherwise known as the Budget Control Act. Now, as another fiscal fight over the continuing resolution awaits lawmakers this fall, will they be able to come together once more and keep their commitment to the American public – or is Washington headed for another shutdown showdown?
When individuals are faced with budget cuts, they cut back on unnecessary spending. The IRS, on the other hand, doesn’t seem follow that logic. The AP is reporting that the IRS will be paying out $70 million in union bonuses.
How about, you know, a little something for the effort?The IRS might be getting five unpaid work days due to furloughs from the sequester, but don’t worry. Their hard work of unfairly targeting non-profits concerned about government spending and collecting a projected record-high of $2.7 trillion in tax revenue won’t go unrewarded. The Associated Press reports today the IRS is poised to award its employees $70 million in bonuses. So despite all the budget cuts, they’ve got $70 million in bonuses going for them, which is nice.
A few months ago, the administration insisted there was “no smart way” to avoid the sequester. Soon after, the White House cancelled tours indefinitely, blaming their “staffing reductions” on the spending cuts. However, The Washington Post recently discovered documents detailing the administration’s plans to go on a safari with a counterassault team during their upcoming trip to Africa.
Lenwood Brooks, policy director of Public Notice, joins KRMS Morning Magazine to give an update on the sequester and all the recent scandals that have come out of Washington.