Quote:
Originally Posted by Adak
That's vapor money that was never approved for spending, by anybody.
So there is no savings - actual savings - in that proposal.
|
Adak, I believe that is completely wrong.
Otherwise why would the parties have proposed to use it as an impetus to reach agreement ?
From Wikiipedia:
Quote:
In 2013 specifically, sequestration refers to a section of the Budget Control Act
of 2011 (BCA) that was initially set to begin on January 1, 2013,
as an austerity fiscal policy.
The reductions in spending authority are approximately $85.4 billion
(versus $42 billion in actual cash outlays[note 2])
during fiscal year 2013,[2](p14) with similar cuts
for years 2014 through 2021.
|