Here’s how things have gone down.
- Last year, Republicans hold the debt ceiling hostage, demanding billions and billions in budget cuts before before they vote to raise it (something they raised seven times under Bush, with no problem). As a result of the down-to-the-wire posturing, the US credit rating is downgraded, but both sides agree to a “SUPER CONGRESS”.
- The SUPER CONGRESS will be made up of Dems and GOP, and is tasked with cutting $1.2 trillion out of the budget. Why will this work? Because, both sides have agreed to triggers. If the SUPER CONGRESS doesn’t work, then the $1.2 trillion with automatically be taken out of programs each side cares about, equally. For the Republicans, this was Defense.
- The SUPER CONGRESS failed, so the agreed-upon triggers will happen.
- Republicans don’t like cutting from Defense (that was the whole point of the trigger), so their new budget next week is rumored to drop those ‘forced’ cuts. As Speaker John Boehner’s office said, ““The Speaker and Chairman McKeon are working towards a shared goal: ensuring that we have $1.2 trillion in additional deficit reduction, but doing it in a way that does not ‘hollow out’ our Armed Forces or jeopardize our national security.”
So after all this crazy bullshit, the Republicans are STILL going to demand $1.2 trillion in cuts, but not from anything they care about. The last six months or so have done nothing.