On NBC’s “Meet the Press” Sunday, Rep. Paul Ryan (R-Wis) said, “I think the sequester is going to happen.”
Ryan, the chairman of the House Budget Committee, said that the $1.2 Trillion in automatic spending cuts is likely to happen because Democrats have opposed every replacement spending plan the Republicans put forward while offering no alternatives of their own.
The President and Congressional Democrats have signaled that they expect more tax increases and are not planning to cut federal spending in any appreciable way. GOP leadership has taken a strong stance against additional revenues.
Having failed to secure any actual spending cuts in the recent “fiscal cliff” deal, Ryan says that “the president got his additional revenues. So that’s behind us” indicating that more tax increases or other revenue generation proposals will be rejected and that only spending cuts will be considered going forward.
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