Despite labeling the move “unecessary” and “dumb” yesterday President Obama put into action $85 billion in automatic, across the board budget cuts in this year’s budget.
Yesterday he said “And let’s be clear. None of this is necessary,”, repeatedly pointing the finger of blame at Republicans in the Congress.
VIDEO: “The Pain Will Be Real:” President Obama Tells America The Sequester Is Dumb & Unnecessary
Well today we have the details of the sequester and it’s precise cuts. The White House Office of Management and Budget issued an 83 page report that runs down each department and below are just some:
+ The Centers for Disease Control would lose $289 million
+ $175 million would be cut out of Low Income Home Energy Assistance Programs
+ The Office of the Chief Information Officer in the Department of Homeland Security would lose $16 million
+ FEMA would see $928 million in disaster relief sequestered
+ $2 million is cut from the Rural Electrification and Telecommunications Loans Program Account
+ $74 million cut from Food for Peace Title II grants
+ NOAA loses $1 million for the Limited Access System Administration Fund
+ Tennessee Valley Authority to have $23 million sequestered
+ $20 million from the Patient-Centered Outcomes Research Trust Fund
+ $14 million from the National Labor Relations Board
+ National Endowment for the Arts has $7 million chopped, same for National Endowment for the Humanities
WOW!
DETAILS: End Of The Road! Sequester Expected To Take Effect In 1 Day!
The full report can be seen on the White House web site.
Ugh!
The president has said the cuts would cause “a ripple effect across the economy” that would worsen the longer they stay in place, eventually costing more than 750,000 jobs and disrupting the lives of middle-class families.
SOURCE: Huffington Post
