When the Congressional Supercommittee failed to agree on budget cuts, it was supposed to automatically activate $1.2 trillion in cuts, including a slight additional decrease in the rate of growth of the military budget over the next decade. But will it?
Not if House Majority Leader Eric Cantor (R – VA) has anything to say about it. Insisting the Pentagon “cuts” would “eviscerate our ability to defend this country,” Rep. Cantor is looking to cut a deal with House Democrats to ensure that they don’t happen.
Reports say that Cantor’s deal would among other things allow the Democrats to extend jobless benefits for another year, a key issue for them, in return for seeing to it that the mandatory spending cuts don’t kick in at the Pentagon until at least 2014.
Though President Obama has reportedly threatened a veto of any effort to avoid following through with the “sequestration” cuts Cantor seems to be betting that a deal which secures considerable support from the Democrats would not be vetoed.
Last 5 posts by Jason Ditz
- Saudi Coalition to Open Humanitarian Corridors Out of Yemen's Hodeidah Port - September 24th, 2018
- Trump Expects Announcement of Second Summit With North Korea 'Pretty Soon' - September 24th, 2018
- US Troops Will Remain in Syria, Officials Say - September 24th, 2018
- Bolton Slams Russia, Says S-300 Sale in Syria Is 'Significant Escalation' - September 24th, 2018
- Russia Will Provide S-300 Air Defense to Syria - September 24th, 2018