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With the budget gavel upended and ready to be banged on down to officially stamp the 2013 budget, President Obama is asking that congress help him with just a “just a little bit of compromise.” The reason being is that the president and congress are facing sweeping budgets that will go into effect very shortly if a compromise is not reached to prevent this from happening.
Obama has gone as far as to appeal to the nation’s governors, asking that they help him to convince a weary and wary congress to reach a compromise. If no compromise is met, more than $85 billion in budget cuts will soon take effect. The budget cuts threaten to recess a barely recovering economy.
“At some point we’ve got to do some governing,” Obama said. “And certainly what we can’t do is keep careening from manufactured crisis to manufactured crisis.”
The budget cut compromise could result in sequester otherwise, something that the nation’s lawmakers would like to avoid. If left unchanged, the budget cuts will have a sweeping effect that results in funds cut from everything to commercial airliners and flights to meat inspections, defense and education.
The Defense Secretary Leon Panetta warned that these cuts would undermine the readiness of the U.S. armed forces. Transportation Secretary Ray LaHood warned of delayed flights. And Education Secretary Arne Duncan warned that the cuts would deprive more than 70,000 low income students from being applicable to the Head Start program.
In a bid for reprieve and assistance in preventing the cuts to the nation’s governors, Obama highlighted his concerns by stating that they would “slow our economy, eliminate good jobs, and leave a lot of folks who are already pretty thinly stretched scrambling to figure out what to do.”
A recent article in Washington Post outlines how these budget cuts could play detriment to our nation’s fragile economy.
Officials said their analysis showed Kentucky would lose $93,000 in federal funding for a domestic abuse program, meaning 400 fewer victims being served in Senate Minority Leader Mitch McConnell’s home state. Georgia, meanwhile, would face a $286,000 budget cut to its children’s health programs, meaning almost 4,200 fewer children would receive vaccinations against measles and whooping cough.
Unless congress acts by this Friday, the budget cuts will take effect on March 1st, 2013.
