House Armed Services Committee chairman Rep. Howard P. “Buck” McKeon (R-Calif.) accuses President Barack Obama of playing politics with looming catastrophic defense cuts of $492 billion that start January 2, 2013. There is a principled way to avoid this political train wreck and at the same time streamline our armed forces.
Last Friday the administration missed the deadline set in legislation, the Sequestration Transparency Act, signed by President Obama Aug. 7th that requires him to issue a report on how he would comply with automatic spending cuts — sequestration — totaling $1.2 trillion through 2021.
The 2011 Budget Control Act created the sequestration formula that spreads those cuts across a decade and splits them equally between national security and non-security programs. The Pentagon’s share of those cuts ($492 billion) come atop another $487 billion in already agreed to reductions which makes the sequestration reductions especially threatening for our national security.