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Heh: Dems' Sequester Replacement Bill Adds Billions to Deficit

Six04 Wrote: Feb 28, 2013 3:59 PM
Carol "That makes it official......we are in a recession again." A recession officially starts after 3 consecutive quarters of negative growth. The revised # will hopefully at least be in the positive.
magnetar Wrote: Feb 28, 2013 4:14 PM
2 not three and it does not have to be negative, it is the drop from quarter to quarter. However, recessions are a natural occurrences of people refocusing their efforts
Earl29 Wrote: Feb 28, 2013 4:06 PM
2 consecutive quarters, not 3.

Senate Democrats say they want a "balanced" approach to deficit reduction.  Here's their idea of how to achieve that, as expressed in actual legislation:

White House-backed legislation in the Senate to replace $85 billion in across-the-board spending cuts would raise the deficit through the end of the budget year by tens of billions of dollars, officials said late Wednesday as the two parties maneuvered for public support on economic issues. The nonpartisan Congressional Budget Office said that under the Democratic measure, deficits also would rise in each of the next two years before turning downward. Democratic...