The defense budget
Here’s a little fact to keep in mind when considering the current cuts to spending at DoD (and let’s be clear, there is nothing wrong with appropriate cuts to defense spending), besides all the other ramifications it promises:
Defense accounts for less than 20 percent of the federal budget but already exceeds 50 percent of deficit-reduction efforts. And for every dollar the President hopes to save in domestic programs, he plans on saving $128 in defense.
And that’s without the looming sequestration cuts (keep in mind, most war fighting costs are not included in the budget) of another half trillion dollars.
Or said another way, the administration has decided that it will attempt to cut spending primarily with cuts to national defense. There is no serious program afoot to cut back the myriad of other government agencies and branches. In fact, many are expanding (see EPA, IRS, etc.).
As for sequestration, Democrats are bound and determined to see it through, because, you know, national defense is less important than winning an ideological struggle.
Charles Hoskinson of POLITICO’s Morning Defense reports (btw, if you don’t subscribe to it, you should):
BUT REPUBLICANS AND DEMOCRATS are still far apart on one key issue: taxes. We caught up with SASC Chairman Levin at a breakfast Thursday and he said he’s counting on public pressure to push the GOP to accept new tax revenues as part of any solution – something they’ve so far refused to consider. Meanwhile, Levin and other Democrats won’t budge on reversing sequestration except as part of a complete package. "The dam has got to be broken on revenues, and what I believe will break it is the threat of sequestration," he said.
Shorter Levin, “we’re more than willing to hold national security hostage and see it gutted to get our way on taxes”.
It is rather interesting approach for an administration which is hung up on everyone paying their ‘fair share’. It seems that the lion’s share of what it will surely tout during the upcoming campaign as serious budget cutting, will come from the one Constitutionally mandated duty it has – national defense.
As for all the programs that have a future funding liability of 200 trillion dollar?