Browsing: deficit reduction

Sequestration is delayed — what do you think?

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Gosh, wasn’t the last month of planning for and arguing over the sequestration budget cuts a lot of fun? Guess what — we get to do it all over again! The fiscal cliff deal Congress passed New Year’s Day doesn’t do away with sequestration — it just delays it two months. Federal Times would like to hear your thoughts about the prospect of a delayed sequestration. How does this throw off your plans? What does the uncertainty mean for your projects? Are you angry that this mess has just been kicked down the road once again? Are you worried that…

Boehner pushes COLA cuts in fiscal cliff talks

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Multiple news organizations are reporting that House Speaker John Boehner included the so-called chained Consumer Price Index in his latest proposal to President Obama seeking to avert the fiscal cliff. This would put a big dent in the deficit — perhaps raising more than $290 billion over a decade — but it would hit federal and military retirees right in their pensions. Economists say the chained CPI is a more accurate method of determining inflation that is usually 0.25 to 0.30 percentage points lower than the current method. Adopting it for pensions, Social Security benefits and other indexed portions of…