Posted by: mulrickillion | November 5, 2011

Lawmakers Aim to Stop Pentagon Cuts if Deficit Panel Fails

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A chart displayed Tuesday at a Joint Deficit Reduction Committee hearing on Capitol Hill. Mark Wilson/Getty Images.

By Jennifer Steinhauer and Robert Pear, Nov 4, 2011 — WASHINGTON — As pessimism mounted this week over the ability of a bipartisan Congressional committee to agree on a deficit-reduction plan, lawmakers began taking steps to head off the large cuts in Pentagon spending that would automatically result from the panel’s failure. . . .

Under the debt-ceiling budget agreement, members of the joint committee, evenly divided between the parties, have until Nov. 23 to recommend ways to reduce budget deficits by at least $1.2 trillion over 10 years. Both houses are supposed to vote on the package by Dec. 23. If no legislation is enacted, the government would automatically cut almost $500 billion from military spending, with an equal amount from nonmilitary programs, between 2013 and 2021. . . .

Lawmakers Aim to Stop Pentagon Cuts if Deficit Panel Fails – NYTimes.com

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See also How Cutting Pentagon Spending Will Fix U.S. Defense Strategy

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