Thread: Stocks tumble
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Old 03-08-2020, 03:06 PM
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jebartle jebartle is offline
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Originally Posted by blueash View Post
You know they tried that don't you? The Budget Control Act of 2011 was to equally cut defense and non-defense spending. It was based in part on the mandated expiration of the Bush tax-cuts due to end in 2012 which had increased the deficit. Of course those tax cuts were not allowed to expire [and more were enacted] . And of course, the bipartisan agreement to equally share the spending cuts between the military and non-military costs was thrown into the garbage by one side once they took control of the budget for later years.

Look it up for yourself. Don't trust my telling of history. Sequestration is a good search word.
Vaguely remember. Cut congress benefits accordingly, hmmmm, pretty sure they won't go for that cut.