Friday, May 24, 2013
 

White House: Sequester 'Deeply Destructive' to Defense

In response to a demand from Congress, President Obama on Friday released a 394-page list of federal programs that would be cut if lawmakers fail to reach a deficit reduction deal and sequestration, or automatic cuts, is enacted.

Few government programs would be spared under sequestration, the report said, but the Pentagon budget would take the biggest hit. Thousands of government workers would be laid off, from FBI agents to air traffic controllers.

The Navy's shipbuilding budget would be cut by $2.1 billion under sequestration, the White House report said. That could slow Electric Boat's production of Virginia class submarines for the Navy.

In all, the $50 billion to $60 billion that would be taken from the Pentagon's budget next year would cost  hundreds of defense-related jobs in Connecticut. Anticipating the possibility of deep cuts, some defense contractors are ready to send out pink slips in November.

Sequestration would also mean a $543 million cut to the food stamp program, a $5 million reduction in federal heating assistance and a 2 percent cut for hospitals and doctors who treat Medicare patients.

"The report leaves no question that the sequestration would be deeply destructive to national security, domestic investments and core government functions," a senior White House official said.

Congress agreed to the automatic cuts last year as part of a budget deal that allowed for a rise in the debt ceiling, a cap on the amount of money the federal government can borrow.

But sequestration can be avoided if lawmakers agree on about $1 trillion in cuts over 10 years.

Republicans say Democrats have little interest in avoiding sequestration because they won't agree to budget cuts that focus only on domestic programs and spare defense.

Democrats say Republicans are backing out of the deal because they won't consider across-the-board cuts that include defense. Democrats also want to offset some of the cuts with new revenues from an end to some tax breaks for wealthier Americans.

"When the rubber hits the road they are backing out of a deal they made," the senior White House official said.

 

Comments

Submitted by DonGonsalves on 09/14/2012 01:09 pm

This entire issue is a supreme joke. We have an annual deficit of $1.2 trillion dollars(Spending $3.6 trillion, revenue $2.4 trillion a year). A cost reduction of $100 billion a year is peanuts compared to the problem.We need to increase taxes by $300 billion a year( elinimate all Bush Tax reductions for everyone) and cut expenses by $900 billion a year to balance the budget. Complaining about a $100 billion reduction each year is only 11% of what we have to do.
The largest reductions have to come out of the military($700 billion),medicare($600 billion) and medicaid($500 billion) which add up to approximately $1.8 trillion which is half of the spending.With these facts what do your readers want to do? Unless you deal in specifics talk is very,very cheap.I would cut the bloated military by $200 billion,medicare ( Which I am on) by $150 billion and medicaid by $100 billion.All of this is possible. All it takes is some politicians with guts of which we have almost none .Social Security is not an entitlement and needs only very minor adjustments especially to balance. The main problem now with Social Security is our great politicians recently open the flood gates to disability claims and almost anyone can now claim disability.