February 18th, 2013
07:30 PM ET

Budget Cuts: real crisis or scare tactics

Time is running out: unless Congress acts by March first - $85 billion in massive spending cuts will kick in automatically. Two million federal workers face furloughs.

But one way or another the impact may be felt by most Americans.

The White House warns that 10-thousand teacher jobs would be at risk and 70-thousand children could be removed from Head Start.

The cuts would hit during tax season - meaning millions of taxpayers would have an even tougher time getting  answers from the IRS.

CNN's Chris Lawrence has been looking at other areas where you may feel the sting.
Filed under: Budget • Congress • Defense Spending • Homeland Security • Napolitano • Navy • Security Brief • Sequestration • Situation Room with Wolf Blitzer
soundoff (4 Responses)
  1. Marine5484

    What scares the right-wingers in Washington is the fact that our own military may be cut down to size the way it should be! Did anyone notice how Barack Obama said that we might not be able to send another aircraft carrier to the Persian Gulf? Well I did! We don't need any ships in the Indian Ocean as we have purportedly "reliable" allies to take up the slack, like India and Australia. Let them do it by all means!

    February 19, 2013 at 5:02 pm | Reply
    • TheMan

      They need to not cut the military. I wish we were bigger. I wish we could go more places and fix more problems. Nothing's more important than fighting evil.

      March 6, 2013 at 3:17 am | Reply
  2. wii ned moar taks cutz

    wii ned moar taks cutz fer da ritch pepl soh da giv mii er jab soh i kin bi nu weels fer mi hows. ger republikins!!!!

    February 19, 2013 at 11:11 am | Reply
  3. Tembisa

    Reblogged this on World Chaos.

    February 18, 2013 at 7:36 pm | Reply

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