Republicans: We Won't Be Stopped--Over The Cliff We Go
During that delay time, cuts equivalent to the cuts that would have happened under the sequester will take place. In short, the same amount will be cut under either deal; the only question is whether the blunderbuss approach happens immediately, or whether short-term cuts are made over the next two months to allow for a more scalpel-like approach.
Top Republicans say they have no interest in changing the size of the sequester. Republicans are insisting on cuts and/or deficit reduction of equal size during the period in which the sequester cuts are delayed.
The proposal currently on the table is reportedly cuts and deficit reduction through elimination of tax giveaways for two months–a grand total of $24 billion in total spending cuts–before a fully-calibrated sequester proposal kicks in. READMOREHERE
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