POSTED: Monday, December 17, 2012 - 12:33pm
UPDATED: Wednesday, January 9, 2013 - 12:12pm
Longview, TX — Government services at all levels would be impacted if lawmakers fail to reach a deal to avoid automatic $110 billion in cuts to entitlements and national defense in 2013.
That would be the first wave of sequestration, a $9-word for the $1.2 trillion in automatic cuts occurring during 10 years if Congress and President Barack Obama can’t steer the country off what’s more familiarly called the fiscal cliff.
“The fiscal cliff is real and will affect everybody,” Sen. Kevin Eltife, R-Tyler, said. “But, the future debt of this country will be much worse than any fiscal cliff if we don’t deal with it.”
Read more from the Longview News-Journal.