The cuts which are meant to balance the budget within the next ten years may bring hard times for the economy. The cuts in government spending will reflect losses in jobs, social security, healthcare, and education, with a trickle down to tourism. Tourism may seem like the least of our worries, but it does stimulate the economy. The Blue Angels aerobatic team brings about $2M to Pensacola, FL each July. (Vergakis, 2013) In order to make up for lost revenue, some area’s experience an increase in sales tax.
The House may see that hit as a win, as sales tax does not discriminate between the rich and the poor. The Senate may think they’re gaining ground, as they feel they’re being responsible ending spending on a tax code that benefits the wealthy. The two parties launch hits at one another’s entitlements, as they continue to find themselves with the ending result of “Winner: None.”
Congress continues to play with cuts in defense spending. A third of the Air Force’s warplanes will be grounded and the navy will cut back on the deployment of its warplane carriers. The Army cuts will be felt within the realms of intelligence and surveillance. (Davis, 2013) If only congress could entertain themselves with something less disastrous than the future of the United States.
Davis, T. V. (2013, 02 06). Military services outline their spending cut plans. Retrieved 04 10, 2013, from USA Today: http://www.usatoday.com/story/news/politics/2013/02/06/military-services-sequestration-plan-panetta/1896401/
Vergakis, M. r. (2013, 4 9). Budget cuts ground Air Force, Navy aircraft. Retrieved 4 10, 2013, from Yahoo News: http://news.yahoo.com/budget-cuts-ground-air-force-203043902.html