Monday, January 07, 2013

UPDATE: Defense programs are ALL in trouble.

Just got this from the Washington Post.

The sequester put in place last year was supposed to be so unpalatable that both parties would have to come to an agreement. But House Speaker John Boehner (R-Ohio) tells the Wall Street Journal that, now that tax increases are dealt with, the defense cuts in the deal don’t scare him. He has significant Republican support, he said, for letting the defense cuts (along with drastic domestic spending cuts) take effect. “I got that in my back pocket,” he said. The sequester is “as much leverage as we’re going to get” to force Democrats to cut entitlement spending. 
Both parties agree on one thing.

Defense cuts are acceptable.  Acceptable to the Republicans in order to balance spending (I can't argue with this logic as long as the cuts are reasonable) and the Democrats are in favor of cutting defense so that precious social programs can be spared.

They agree for different reasons but the results are the same.

The only real cuts that will take place in Washington will come out of the Pentagon.