'Cutting projected military spending by a trillion dollars over the next ten years has become politically plausible'
Opinion, Robert Naiman, Al Jazeera English:
The recent US debt-deal calls for $1.5 trillion in spending cuts, and for once, military spending is on the table.
The agreement in Washington to raise the debt ceiling in exchange for spending cuts has made a lot of people very unhappy. But the agreement had one important positive aspect: it created a historic opportunity for significant cuts in projected military spending.
Under the agreement, a joint House-Senate committee is supposed to propose, by Thanksgiving, $1.5 trillion of debt reduction (expenditures less revenues) over ten years. Significant cuts in projected military spending are on the table. Indeed, if the joint committee doesn't agree on a plan or Congress doesn't enact it, $1.2 trillion in cuts in projected spending over 10 years will be triggered, of which half must come from the military.
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Thursday, August 11, 2011
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