Spending cuts seem here to stay
WASHINGTON (AP) — The spending cuts are here to stay if you believe the public posturing Sunday.
The Senate's Republican leader Mitch McConnell called them modest. House Speaker John Boehner isn't sure the cuts will hurt the economy. The White House's top economic adviser, Gene Sperling, said the pain isn't that bad right now.
So after months of dire warnings, Washington didn't implode, government didn't shut down and the $85 billion budget trigger didn't spell doom. And no one has a tangible proposal for rolling back those cuts.