(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.”
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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.