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Super Committee's Cuts Anything But Automatic

By: clo in FFFT | Recommend this post (0)
Wed, 28 Sep 11 4:15 AM | 79 view(s)
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Super Committee's Cuts Anything But Automatic

WASHINGTON -- The 12-member super committee created to slash the federal deficit is powered by the threat that if it doesn't come up with $1.2 trillion in savings, automatic, across-the-board cuts will be instituted to reach that same goal, with half of those cuts hitting the Pentagon.

Don't believe it.

The supposed across-the-board cuts aren't slated to go into effect until January 1, 2013. Put more simply: They might not ever go into effect.

for complete:

http://www.huffingtonpost.com/2011/09/27/super-congress-super-committee-deficit-cuts_n_982770.html




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