The Fiscal Cliff's Threat to National Security -- Mackenzie Eaglen, US News and World Report
Mackenzie Eaglen is a resident fellow at the Marilyn Ware Center for Security Studies at the American Enterprise Institute.
Both candidates for president of the United States are clearly mindful of the potential for a razor-close election next week. Mitt Romney has been talking more about his bipartisan credentials as governor of Massachusetts while President Barack Obama, out of the blue, said the automatic spending cuts set to take effect early next year "will not happen."
This is contrary to many clear public statements from the president over the past year. Obama has repeatedly vowed to veto any legislation that would repeal the spending cuts if the deal does not include tax hikes on the wealthy.
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My Comment: What's my take on what is going to happen .... the Democrat controlled US Senate has not passed a budget in over 1,100 days .... so .... the fiscal cliff on January 1, 2013 is where we are going unless the Republicans cave in to Democrat demands .... even if the Democrats lose the White House and the US Senate. My prediction .... the Republicans will cave.
Update: It's Not Just Defense Cuts: Sequester Would Cripple Our Economy -- Aol Defense