Sequestration’s Defense Cuts Loom -- Max Boot, Commentary
The newspapers are full of articles about negotiations over tax hikes and spending cuts as Congress and the White House face the impending “fiscal cliff.” There is much less said about another consequence of our mindless budgeting: the very real possibility that our armed forces will face devastating cuts on January 2. That is less than a month away but, given how little attention sequestration is receiving, it feels as if we’re sleepwalking toward disaster.
Read more ....
My Comment: In all of my years of following US politics and news .... I have never seen anything like this. The whole world is watching the Commander in Chief of a superpower play politics with his defense budget .... an astoundingly wrong impression to give to a world filled with many bad actors on the scene. But such is the state of politics in the U.S. today .... and as I always tell my friends around the world who want to know what is my take on what is happening .... elections have consequences, and the American public have decided that their entitlement programs and uncontrollable spending is far more important than defense budgets and having rich entrepreneurs .... and we better get use to it.
On a side note .... and this is what makes me realize how destructive Washington has been .... even if sequestration does kick in .... the U.S. deficit will still continue to climb by about $1 trillion a year. And if interest rates climb .... as they will .... this debt load will accelerate even quicker.
Update: "Fiscal cliff" talks frozen, Obama lobbies big business -- CBS
No comments:
Post a Comment