Billions of dollars being pulled out of the economy will affect everybody, regardless of where the cuts are made. How much it will affect everybody is debatable. It is best used as a tool to fight an over-heating economy, not recessions.
Unfortunately this is exactly the wrong way to go about balancing the budget. This will hurt the job creators, the poor and middle class more than the robber barons.
As we can see from Wall Street and their record high, the takers, the banksters and large corporations are doing GREAT. Not so much for the rest of us.
These horrible Sequester cuts are a dream come true for Rand Paul and Paul Ryan who have been all for cutting everything that benefits children, the elderly, the disabled, the poor, the unemployed. The millions of dollars of cuts will begin to take a toll on a lot of Americans and the blame will be right on the republicans who want these harmful attacks on the middle class and working poor.
yellowstone2551 replies: I pray and give thanks to my ancestors and you? ___________________________________________
After reading your comment where you chide somebody as if they were praying to, and having voted for, President Obama, the question was posed to you. Nice cowardly answer. Hahahahaha! Embarrassed, are you? Yellow, indeed!
FOX_PARROTS_LIE says: ACTORNAUGHT replies: In the 90's I predicted that if Limbaugh phony conservatives get their way, the USA would become a 2-tier society of hyper wealthy landowners and their serfs.
Aaaaah.....that actually started in the 1980s, with saint ronnie's first round of the GOP's failed policies like "supply-side economic insanity" that only increased income inequality like in the 3rd world, while foisting stagnating wages on the hard-working middle class! ---------------------------------------------------------------------------
I was not crazy abut Reagan's domestic policies but i think he was correct when he decided a factory worker should not be making as much as a doctor.
One profession required higher education that had to be paid for and alot of sacrifice.
The other was something anyone could do.
I am not saying factory workers or unskilled workers should be exploited but they don't deserve to make as much as a skilled worker. we do live in a meritocracy, or at least we used to. The more you achieve the more you should have.
the thing is a doctor who can charge more for a service, since it is very specialized. A factory worker is at the mercy of his employer since he can get just about anyone off the street to do it.
Again i am not condoning exploitation but in the 80's you had factory workers making in the 80k to 100k range while doctors were making maybe 150k. Something is very wrong there.
The sequester was brought on by our Presient. He's traveling the country playing the blame game just like the media is doing. He has not submitted a ferderal budget in 4 years. he wants to ignore his responsiblities as a President and keep spending money we don't have niether does the American people. Slashing the military is putting our American soldiers and the public at risk.We need to impeach obama for covering up the fast and furious and for bengazi.This country is headed for a deep depression. Sequester is not going away. Blame game is like bulling the American people. Shame on Obama
this is nothing compared to the damage obamacare is going to do. While meeting with my accountant this weekend I asked her why there was an amount listed on my wife's W-2 saying how much her company paid toward her health care plan. The answer was starting next year it will be taxed like income. It will also send a lot of people into a higher tax bracket.
I joked since they cannot deny pre-existing conditions I will just forgo insurance and if I get sick I'll pick up a policy. My accountant went on her computer and said because of your HHI this is what you will pay as a penalty. It almost as much as it would cost to purchase a plan. I said how can this be, We were told it would be a few hundred the first year and a thousand after that. Her reply was only if you are poor, if you make a decent living they take a percentage of your income.
Then I said we will all be o the exchanges anyway. She agreed saying they are purposely giving employers a penalty lower then the amount they will pay for the employees insurance. They need as many people as possible on the exchanges to make it work. Those with money are needed to pay for those without. She then informed me the health insurance providers will be working with the IRS to determine what you will pay based on what you make. She said the bottom line is everyone in the middle class and above will be paying more for an inferior plan. She also mentioned illegals would qualify for free coverage.
This country is turning into an arm pit like mexico
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As we can see from Wall Street and their record high, the takers, the banksters and large corporations are doing GREAT. Not so much for the rest of us.
I pray and give thanks to my ancestors and you?
___________________________________________
After reading your comment where you chide somebody as if they were praying to, and having voted for, President Obama, the question was posed to you. Nice cowardly answer. Hahahahaha! Embarrassed, are you? Yellow, indeed!
As real as praying at a rock to give you a good harvest, so is asking Obama to fix something.
=====================================================
Same holds true for Congress, so thanks for stating the obvious.
ACTORNAUGHT replies:
In the 90's I predicted that if Limbaugh phony conservatives get their way, the USA would become a 2-tier society of hyper wealthy landowners and their serfs.
Aaaaah.....that actually started in the 1980s, with saint ronnie's first round of the GOP's failed policies like "supply-side economic insanity" that only increased income inequality like in the 3rd world, while foisting stagnating wages on the hard-working middle class!
---------------------------------------------------------------------------
I was not crazy abut Reagan's domestic policies but i think he was correct when he decided a factory worker should not be making as much as a doctor.
One profession required higher education that had to be paid for and alot of sacrifice.
The other was something anyone could do.
I am not saying factory workers or unskilled workers should be exploited but they don't deserve to make as much as a skilled worker. we do live in a meritocracy, or at least we used to. The more you achieve the more you should have.
Again i am not condoning exploitation but in the 80's you had factory workers making in the 80k to 100k range while doctors were making maybe 150k. Something is very wrong there.
You mean like imaginary leader presidents like Obama???
I'll bet you see him as santa claus????
==================================================
Met him in person - he is real. Go take your meds now.
I joked since they cannot deny pre-existing conditions I will just forgo insurance and if I get sick I'll pick up a policy. My accountant went on her computer and said because of your HHI this is what you will pay as a penalty. It almost as much as it would cost to purchase a plan. I said how can this be, We were told it would be a few hundred the first year and a thousand after that. Her reply was only if you are poor, if you make a decent living they take a percentage of your income.
Then I said we will all be o the exchanges anyway. She agreed saying they are purposely giving employers a penalty lower then the amount they will pay for the employees insurance. They need as many people as possible on the exchanges to make it work. Those with money are needed to pay for those without. She then informed me the health insurance providers will be working with the IRS to determine what you will pay based on what you make. She said the bottom line is everyone in the middle class and above will be paying more for an inferior plan. She also mentioned illegals would qualify for free coverage.
This country is turning into an arm pit like mexico