(CNSNews.com) – While President Obama and many Republicans are now “caterwauling about the sequester,” tea party conservatives say the $1.2 trillion in automatic spending cuts over ten years is only a start:
“Tea Party people are saying the sequester is a pittance,” Sen. Rand Paul told CNN’s “State of the Union” host Candy Crowley on Sunday. “One trillion dollars, and we’re increasing spending $9 trillion. So really, even with the sequester, spending goes up $7 trillion or $8 trillion over the next 10 years. We’re not getting close to scratching the surface of the problem.”
Unless Congress replaces the indiscriminate spending reductions with specific cuts by March 1, spending automatically will be cut by $1.2 trillion over ten years, with half of those cuts coming in defense and half in discretionary domestic spending.
Read More at CNS News . By Susan Jones.