Thursday, November 17, 2011

'Defense Spending, the Super Committee, and the Price of Greatness' ....

The Obama Administration and these clowns basically built in a "Blackmail" mechanism....."Give us what we want or you'll be sorry....."
And "The Price of Greatness"...I am beginning to think these people wouldn't recognize "Greatness" if it bit them in the ass....

If this so-called “Super Committee” falls short—or if the required deficit reduction legislation is not enacted by January 15, 2012—fthen the Pentagon’s long-term budget will suffer the brunt of the consequences. Specifically, it will face not only lowered “sequestration” ceilings on spending that will effectively cut more than $500 billion from what the Pentagon was projected (based on Obama’s fiscal year 2012 budget proposal) to spend over the next ten years, but also “sequestration” cuts that will further indiscriminately slash as much as $500 billion more. In all, sequestration’s spending ceilings and cuts could effectively trim anywhere from $500 billion to over $1 trillion from projected long-term defense spending.

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