There’s at least one thing that both parties seem to agree on- neither party wants the sequester to take effect as scheduled:
Lawmakers from both parties and both chambers of Congress agreed Sunday that if sequestration budget cuts go into effect next month, there will be a negative impact on the economy and the country as a whole. In separate appearances on NBC’s “Meet The Press,” Rep. Eric Cantor, R-Virginia, and Sen. Dick Durbin, D-Illinois, both said they don’t want the sequester cuts to take place. They suggested different ways to deal with the series of automatic, across-the-board spending cuts, spread out over the next decade, which are set to kick in on March 1.
Though both parties agree that the sequester should be avoided, there are of course diverging methods to avoiding it. Progressives want a more balanced approach, while conservatives insist on cutting spending and entitlement benefits:
Cantor, like most Republicans, wants to fix the nation’s fiscal woes without raising taxes, a move he said President Barack Obama favors.
“The tax fight for the president means higher taxes, more revenue,” Cantor said. “We can’t be raising taxes in this town every three months.”
But Durbin, a close Obama ally, said more taxes are what’s needed to solve the problem.
“The president believes, and I agree, within tax reform, we can find additional savings in the next ten years. We can use that to put towards deficit reduction and keep this economy moving forward,” Durbin said.
Only progressives have a serious plan to reduce the deficit in a fair way while protecting our priorities. Conservatives need to start representing average Americans instead of their base of donors.