Thursday, July 12, 2012

No One In Washington Will Expect Looming US Defense Budget Cuts To Happen


The Cuts No One Believes Will Come -- Politico

Amid all the chatter on Capitol Hill about looming defense cuts, there’s one thing no one’s saying out loud: The cuts will probably never happen.

Despite the gloom and doom from the Pentagon, the hand-wringing from Republicans and the resistance to changing the so-called sequester from Hill Democrats, the conventional wisdom among people involved in negotiations is that there will probably be a compromise to avoid the $500 billion in cuts.

Republicans in a bipartisan working group are openly talking about finding new revenue as a way to temporarily stave off the defense cuts. The White House budget director wrote in an op-ed Tuesday that the sequester “wasn’t meant to be implemented.”

Read more ....

My Comment: So .... the people who caused this mess are the same people who are going to solve it. Hmmmm .... for some reason I do not feel reassured.

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