Alternative Visions - What’s Happening to the $1.2 Trillion ”Sequester Cuts”?

Dr. Jack Rasmus provides an update on last week’s interim ‘Government Shutdown-Debt Ceiling Extension’ deal in Washington and explains the real role and strategy of the Teaparty faction in recent months and going forward to the 2014 elections. With the Teaparty no longer the driving force, now the real negotiations begin (again) between Obama/Congressional Democrats and Congressional Republicans, returning to the ‘well orchestrated dance 2.0’ laid out this past summer before the Teaparty’s intervention. Rasmus predicts there will be a government funding deal by the next January 2014 budget deadline, and there will be no repeated debt ceiling crisis on February 7, 2014. The coming Obama-Republican deal will now include major cuts to social security and medicare, and possibly more tax cuts for corporate America as well. In addition, the $500 billion in proposed sequester defense spending cuts will be further restored in the coming deal, and that restoration has in fact already begun. (For a 35 min. video presentation on “Why Social Security and Medicare Are Not in Crisis”, download Jack’s presentation at: http://www.kyklosproductions.com/videos.html