President Obama vision for a smaller, more flexible military focused on counter-terrorism, rather than large-scale land wars, is leaving the Army without the budget to modernize its aging weapon systems.
A series of major cuts in military spending is gutting the defense industry, imperiling the country’s economy and weakening military preparedness for many years to come, defense contractors and military experts say.
The New York state budget committee approved a revised budget on Monday that repeals the ballistics-imaging and microstamping requirements that were included in the original state budget proposal.
Senior Obama campaign adviser David Axelrod could not offer a coherent explanation Tuesday as to why Senate Democrats have not passed a budget in almost three years.
The White House is reacting aggressively to a budget proposal put forward by Rep. Paul Ryan (R., Wis.), that would cut spending by $5.2 trillion in government spending compared to President Obama’s budget, while cutting taxes by $2 trillion over the next 10 years.
“In all, between 2013 and 2022, deficits would total $6.4 trillion (or 3.2 percent of total GDP projected for that period), $3.5 trillion more than the cumulative deficit in CBO’s baseline,” the nonpartisan office wrote in its analysis of the president’s budget.
The Congressional Budget Office underestimated the deficit by $93 billion, the non-partisan organization said on Tuesday.
A proposed increase in health care fees for active and retired military members could add to the ballooning costs of President Obama’s health care reforms.