Sunday, October 16, 2011
Why The Congressional Super Committee Will Noy Cut The U.S. Defense Budget
If you are in the defense business, then you're probably getting tired of speculation about how the so-called congressional "super-committee" is going to decide the fate of America's military posture. That bipartisan panel of 12 lawmakers was established by the Budget Control Act to recommend $1.5 trillion in savings by November 23, and if it doesn't succeed -- or Congress fails to enact what it recommends -- then automatic cuts will be imposed on domestic and defense programs.
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My Comment: I like reasons #3 and #5.
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1 comment:
#4 has an interesting sentence in it:
"Right now, the Obama Administration is pursuing contradictory goals by seeking to borrow another $447 billion for a jobs program at the same time it is proposing to wipe out a huge number of jobs associated with national defense. "
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