The Congressional Budget Office released their analysis of the group of deficit-fighting policies known as the "fiscal cliff." The top-line analysis: completely averting the contraction that would occur in 2013 and 2014 would cost $1.16 trillion - entirely deficit-financed.
If you weren’t watching Monday night’s presidential campaign debate in Boca Raton, Fla., you missed at least one jaw-dropping assertion. In a discussion of the “sequestration” spending cuts slated to slash defense and other budget items starting in January, President Obama declared that the sequester “will not happen.”
The politicians are once again in a panic over looming automatic budget cuts – known as sequestration – despite the fact the plan was set in motion many months ago.
South Korea confronts a very tricky internal strategic threat to its military: declining birth rates mean that each year there are fewer draftees, and for decades South Korea has relied on conscription to fill the ranks. However, the major threats confronting South Korea, such as war with North Korea or a confrontation with China, have not declined or diminished.
Obama on sequestration.
In January of 2009, Barack Obama promised Americans an "unprecedented" level of transparency in his dealings with the American people and throughout his Administration. Almost four years have passed since that promise, during which time, Americans have witnessed an extraordinary level of deception and obfuscation, all designed to divert attention from the Obama Administration's failure to grow the economy, their failure to create jobs, their failure to curb out-of-control government spending, and their failure to maintain American prestige on the international level.
On his recent trip abroad, Mitt Romney observed an American taboo by not criticizing President Obama's military policy. But before his trip, he made his position clear. Obama has "exposed the military to cuts that no one can justify," Romney said. He meant that unless Congress intervenes, Pentagon spending will be cut by more than $500 billion over 10 years under the (bipartisan) budget sequestration scheduled for January. This terrifies those who fear that limiting the growth of the military-industrial complex will leave us less safe. But is that true?
Rumsfeld discussed sequestration and Congress with Greta Van Susteren.
In Lone Survivor, a chilling, firsthand account of the loss of eleven members of the Navy’s elite Sea, Air, Land (SEAL) Team and eight Army aviators, Petty Officer Marcus Luttrell describes the fateful decision that led to disaster for him and death for his comrades.
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