September. This plan certainly will be stopped by President Barack Obama and the Democrats in the Senate. Democratic Leader Nancy Pelosi said the Republican-backed bill would damage the economy.
"They have made matters worse passing a spending bill that destroys jobs, weakens the middle class,
hurts schools and young adults, eliminates assistance to homeless veterans, and diminishes critical investments in our future," Pelosi said. Obama has outlined his own plan for less severe spending cuts in 2012, and has warned that tightening the belt too much too soon could harm the slow economic recovery.
