‘GANG OF SIX’ HITS DEFENSE
The chairman of the House Armed Services Committee is panning the deficit compromise plan offered by so-called “Gang of Six” Senate leaders for its steep cuts in security funding.
“Based on what we’ve read the proposal would result in $886 billion in security cuts over 10 years,” Rep. Howard P. “Buck” McKeon said in a memo sent July 20 to committee Republicans.
“Due to a firewall in the proposal between security and domestic spending, nearly half of the discretionary savings in this proposal comes from security programs,” he said, noting that Pentagon spending is about 85 percent of all security funds.
Also, the Senate compromise would mandate cuts to military retirement and other benefits.
“It is our belief that this proposal raises serious implications for defense and would not allow us to perform our constitutional responsibility to provide for the safety and security of our country, or keep faith with men and women in uniform,” said Mr. McKeon, California Republican, explaining why he opposes the plan.
Since President Obama originally submitted his fiscal 2011 budget, defense spending has been cut by $439 billion over 10 years. The president in April proposed another $400 billion in cuts that is being pushed to $700 billion and as much as $1 trillion.