Pelosi Quotes George Washington to Demonize GOP- Cites MYTHICAL Obama Spending Cuts

Democrat Nancy Pelosi continues her baseless attacks and demonization of the GOP while citing mythical spending cuts from an imaginary budget.  (Video)

 Democrat Nancy Pelosi was reelected by the dems to lead them in the House of Representatives

Surely Pelosi can't be talking about the Cuts that haven't taken place yet  that Obama will DOUBLE COUNT when it comes to the sequester spending cuts.

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' The Budget Control Act of 2011 (BCA; P.L. 112-25) provided for an increase in the statutory
limit on the public debt in conjunction with a variety of measures to reduce the budget deficit.
Included in these measures was the creation of a Joint Select Committee on Deficit Reduction,
which was tasked to develop and submit a plan to Congress containing deficit reduction to total at
least $1.2 trillion over the FY2012-FY2021 period. However, because the committee did not
report out recommendations, the BCA’s automatic spending reduction process was triggered. This
process, set to begin on January 2, 2013, would reduce federal outlays over the next decade
unless legislation is enacted to prevent it.
Both President Obama and some Members of Congress have offered proposals for repealing or
modifying the automatic spending reductions. The President’s FY2013 Budget Proposal
eliminates the automatic spending reductions for all nine years and replaces them with alternative
measures to reduce the deficit.'  CRS -The Budget Control Act of 2011
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Fiscal Cliff Fib - SPENDING, DEBT and Tax INCREASES, NO CUTS

CBO Scores the Obama DEBT INCREASE OF $4 Trillion Dollars

Democrats, NOT CREDIBLE on Budgetary Issues

Barack Obama - Above a Budget, Above the LAW

 No-Budget Barack Obama continues his failed leadership in fiscal management with the latest dodge in accountability for ANY SPENDING in his term. Propaganda using tired Keynesians platitudes continue to dominate the 'discussion, without the counterargument ever being rationally presented. ' ------------------------------------------------------------------------------------------------------------------

+BoogieFinger 

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Deadline nears PASSES for White House report on possible spending cuts

9/06/2012

WASHINGTON (Reuters) - A deadline loomed on Thursday for the Obama administration to provide details on mandatory spending cuts if Congress fails to reach a deficit reduction deal by year end, but the White House has not said when it will release the report. President Barack Obama, who on Thursday night accepted the Democratic Party nomination for a second term, is required to list how the first segment of $1.2 trillion in automatic spending cuts over 10 years would affect the government. Under a law he signed on August 7, he was supposed to do that within 30 days Deadline nears for White House report on possible spending cuts

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White House Report on Spending Cuts Expected Next Week

 9/07/2012

By Damian Paletta

"WASHINGTON – The White House missed a deadline Friday to submit a report to Congress on the impact of looming spending cuts for defense and other domestic programs, though it is expected to issue the report next week.
The report could frame the debate after the November elections over what policy makers should do to address spending cuts and tax increases slated to begin in January 2013. Economists have predicted that if tax increases and spending cuts go into effect, the country could tip back into a recession.


Last year Congress passed a law directing $1.2 trillion in spending cuts to begin in January unless lawmakers and the White House can find other changes to reduce the deficit. The cuts to government programs are expected to be blunt and widespread, but so far the Obama administration hasn’t provided details.
The Sequester Transparency Act, passed on Aug. 7, gave the White House 30 days to issue the report and detail what programs would be cut and what the impact would be.
“Given the time needed to address the complex issues involved in preparing the report, the administration will be submitting that report to Congress late next week,” White House press secretary Jay Carney said.
The cuts are supposed to be split between military and domestic programs and could end up reducing military spending by more than 10. Pentagon officials have said the reductions would be “devastating.” Democrats and Republicans have sparred over how best to avoid the reductions, but so far they haven’t come close to an agreement."

 “He has a responsibility and legal obligation to tell the American people how he plans to implement, or replace, these devastating cuts,” House Speaker John Boehner (R., Ohio.) said.


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Four years without a budget and ZERO media criticism. False parliamentary maneuvers disguised as a budget still aren't enough, even according to the Senate parliamentarian.   Barack Obama, Above the LAW.

#BarackObama #spendingcuts #budget #obama2012 #budgetgames #harryreid #democrats #sequestration