pa2a.org


Share Thread:  
Now this is just stretching it
#1
Now the administration is claiming that the sequestration cuts, something that they fought for, would cause issues for housing and Sandy relief and recovery efforts. Since both houses have already voted for that money and the President has signed the bill into law, I rather doubt the validity of their point.

Quote:WASHINGTON (Reuters) - The Obama administration on Thursday warned that deep government spending cuts set to go into effect next month would have harsh consequences for housing programs and could threaten Superstorm Sandy recovery efforts in the U.S. Northeast.

Housing and Urban Development Secretary Shaun Donovan urged lawmakers to agree on a plan to stave off the $85 billion in automatic across-the-board cuts, known as "sequestration," set to begin on March 1.

"Sequestration is a blunt and indiscriminate instrument that was passed to help ensure that action is taken on a balanced deficit reduction package," Donovan told the Senate Appropriations Committee. "The ripple effects are enormous because of how central housing is to our economy."

In cataloging the impact of the cuts, which would total $1.2 trillion over nine years, Donovan said they would lead to a five percent reduction to Sandy recovery funding, or approximately $800 million. That money has gone towards repairs for more than 10,000 homes and small businesses in disaster areas across the U.S. Northeast.

Millions of people were left without employment and homes in the aftermath of the late-October storm, which caused flooding, wide-spread power outages and deaths. Donovan has been appointed by the White House to lead federal rebuilding efforts.

"This will not only prolong the suffering in a region that has been hit again this past weekend by a new storm," Donovan said. "It will also cost jobs that would be created by full expenditure of the approved funding and slow the full recovery."


The rest of the story.
[Image: member955.png]
USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
Reply
#2
Wait, since when was there validity to ANYTHING this administration did?
"And a sudden plunge in the sullen swell. Ten fathoms deep...On the road to Hell."
Reply
#3
End it all. Shut it all down.
Vampire pig man since September 2012
Reply
#4
Sev;79287 Wrote:Wait, since when was there validity to ANYTHING this administration did?

That would be never.

Everything OMao the Magnificent says should be prefaced with "abracadabra" and pixie dust.

Is douchebaggery like magic?
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
Reply








Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.