President Obama is calling for dramatic defense cuts that could threaten our national survival while obstructing structural reforms to our entitlement programs that are essential for our national financial survival. It just doesn't get much worse than this.
When the Commission on Wartime Contracting in Iraq and Afghanistan closed shop on Sept. 30, it reported its "sobering but conservative" estimate that U.S. taxpayers had lost between $31 billion and $60 billion in waste and fraud of the $206 billion Uncle Sam has spent on contracts and grants in Iraq and Afghanistan. Of course, that's not all. According to the commission's final report, "a similar amount could be lost due to unsustainable projects and programs."
The debt limit deal that tasked a new “Super Committee” with finding major savings is about to hit its first important deadline, with the committee required to report a proposal by next week. The chance of the committee agreeing to a plan that produces the requisite $1.2 trillion in savings is becoming increasingly slim, which will lead to an across-the-board cut to federal spending.
On this Veteran's Day, 2011, our thoughts should turn once again toward our military, who find themselves busier than they have been in recent memory. Despite the tempo of current operations, our president appears determined to govern a peacetime force by way of withdrawal and drawback.
Cuts in military spending already have the support of most Democrats, but a rising number of deficit hawks in the Republican Party are willing to trim Department of Defense (DoD) spending as well.
Obama's Trip to Paris For Global Warming Summit Sure Emitted a Lot of Greenhouse Gases | Christine Rousselle
Reid: GOP Rhetoric Caused 'Frenzy of Hate,' So Planned Parenthood Probe Must Be Shut Down | Guy Benson
Mr. Sensitivity: At Paris News Conference, Obama Says Mass Shootings Only Happen In America | Matt Vespa