Congressman Hanna Pushes For Agreement to Avoid Budget Sequestration
Republican Congressman Richard Hanna is pushing fellow lawmakers to take steps now to prevent the next fiscal crisis.
Hanna was in the Southern Tier Monday meeting with local leaders to discuss budget sequestration; he says lawmakers could use a last resort option when it comes to dealing with the nation's debt.
Sequestration refers to a plan put in place by Congress in 2011 to come up with an effective way to reduce the national deficit.
Hanna says budget sequestration is a shame, it's not good governance, but it could become a reality if the budget super committee is unable to come to terms with cutting the nation’s debt and deficit.
Sequestration was put in place as a worst-case-scenario option in case an agreement couldn't be reached in Congress. With the March 1 deadline quickly approaching and no deal done, the possibility of sequestration becoming a reality is increasing.
Hanna said he wants to replace sequestration with a mix of spending cuts and tax increases.