Debate Over Automatic Spending Cuts
Image used under Creative Commons from Flickr user Steel Wool
By most accounts, the U. S. is headed for a fiscal cliff at the end of this year. Congress is at loggerheads over Bush-era tax cuts which are due to expire December 31st. Then there’s sequestration – mandatory across-the-board budget cuts slated for January 2nd -- the result of a bipartisan deal passed last year. The combined effects of these events could be disastrous. Members of both parties worry automatic defense cuts could jeopardize the military. Sequestration might also slash funds for education, infrastructure, head start, and food safety. Diane and her guests discuss the debate over automatic spending cuts.
senior fellow at the Center on Budget and Policy Priorities, and former chief economist and economic policy adviser for Vice President Joe Biden.
research fellow at the American Enterprise Institute’s Marilyn Ware Center for Security Studies.
congressional correspondent for NPR.