Deficit cutters look to Pentagon budget
Posted: Nov 13, 2012, 6:23 am
By Donna Cassata
WASHINGTON — One war is done, another is winding down and the calls to cut the deficit are deafening. The military, a beneficiary of robust budgets for more than a decade, is coming to grips with a new reality — fewer dollars.
The election accelerated an already shifting political dynamic that next year will pair a second-term Democratic president searching for spending cuts with tea partyers and conservatives intent on preserving lower tax rates above all else, even if it means once unheard of reductions in defense.
"It is a big piggybank," said former Wyoming Sen. Alan Simpson, a Republican who along with Democrat Erskine Bowles had recommended $4 trillion in budget cuts over a decade, including deep reductions in defense, as part of a special presidential commission in December 2010.
"If you can't get in there and start getting stuff out of there when you have a defense budget of $740 billion bucks — and the defense budget of every major country on earth, 17 of them, including Russia and China, is $540 billion combined. Who is joshing who," said Simpson. "That's madness, madness."