Tuesday, September 11, 2012

Understanding Sequestration and Defense Cuts - #4202 - VIDEO: Greta Interview with Lindsey Graham: White House Misses Sequestration Detail Deadline - Fox News (2) Romney Warns of Looming Defense Cuts - Washington Times

IF YOU WANT TO KNOW WHAT DEVASTATING CUTS AWAIT THE DEFENSE OF OUR COUNTRY, PLEASE WATCH THIS VIDEO: 
Greta Interview with Lindsey Graham - White House Misses Sequestration Detail Deadline. When the Super Committee Failure to find 1.2 Trillion Savings Over a Decade, there was a penalty clause called Sequestration. This Sequestration Penalty Clause called for one-half of the $1.2 Trillion to be taken from the Defense Department, this added to the $400 Billion Dollars that was already cut, now totals $1 Trillion. The Result: Smallest Navy since 1915 - 232 ships, Smallest Army since 1940 and the smallest Air Force in History.

Romney Warns of Looming Defense Cuts - Washington Times - Seeking to regain the offense in the presidential campaign, Mitt Romney on Monday said President Obama is to blame for the automatic defense-spending cuts looming at the beginning of next year and that those reductions will devastate communities in Ohio and other key political states. The Republican presidential nominee said Mr. Obama has refused to specify exactly where he will cut both defense and domestic spending — details he is required to give by legislation he signed this summer. Those cuts, or “sequesters” as they are known in budget-speak, are the result of last year’s bipartisan debt deal that raised the government’s borrowing ceiling while trying to limit future spending. “This sequestration idea emanated from the White House, and it will result in the loss of thousands and thousands and hundreds of thousands of jobs across this country, Mr. Romney said, eliciting boos from more than 1,000 people at a rally in a warehouse here. “Once it goes forward, it would also be bad for our national security.”  Read more.........

No comments:

Post a Comment