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Author Topic: Congress urged to take steps to avert looming budget cut  (Read 105 times)

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Offline zigdog

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Congress urged to take steps to avert looming budget cut
« on: August 01, 2012, 01:21:31 PM »
Congress urged to take steps to avert looming budget cut


WASHINGTON (Reuters) - Congress should stop fretting over the mechanics of implementing a huge, indiscriminate budget cut early next year and instead try to figure out how to avoid it by passing a more reasonable deal to reduce deficits, administration officials told lawmakers on Wednesday.

Jeff Zients, acting director of the White House budget office, told lawmakers the cuts due to kick in on January 2 would be devastating for both defense and non-defense programs, causing 16,000 teachers and aides to lose their jobs and eliminating early childhood education for 100,000 youngsters.

Deputy Defense Secretary Ashton Carter, who testified alongside Zients, said the reductions would force the Pentagon to cut back on the planes it is planning to buy and delay ship construction, moves that will ultimately cause costs to rise.

"We will be ready (to implement the cuts), but really that's not where the energy should be spent," Zients told members of the House of Representatives Armed Services Committee. "The energy should be spent on passing balanced deficit reduction to avoid what everybody agrees is bad policy."

"The right course is not to spend time moving rocks at the bottom of the cliff to make for a less painful landing. The right course is to avoid driving off the cliff altogether," he said.

http://news.yahoo.com/congress-urged-steps-avert-looming-budget-cut-172256963.html?_esi=1

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Congress urged to take steps to avert looming budget cut
« on: August 01, 2012, 01:21:31 PM »

 

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