Sunday, September 9, 2012

Obama Refuse to Explain how he will Cut Spending

Obama created a law that will explain how he will cut spending. Now, he is backing out. Obama has no intentions of cutting taxes. Rather, he would cripple the nation by defunding the military and businesses. Election time is right around the corner. Vote the bum out of office!

(THE HILL) The White House on Friday said it will miss the legal deadline for delivering a report to Congress on the spending cuts from sequestration that are scheduled to take effect in 2013.

Under the terms of the Sequestration Transparency Act signed in August, President Obama was to tell Congress by Friday how the administration plans to implement the $109 billion in automatic cuts mandated by the Budget Control Act.

The Office of Management and Budget has repeatedly failed to make legal deadlines. It delivered its presidential budget proposals and mid-session updates late both this year and last year.

Republicans have tried to tie the tardiness to the failure of the Senate to pass a budget resolution for the last three years.

House Speaker John Boehner (R-Ohio) said Obama needs to come clean about his plans to carry out the spending cuts.