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Increased domestic spending may be behind proposed military cuts, CBO report suggests

Discussion in 'News & Current Events' started by Revmitchell, Feb 26, 2014.

  1. Revmitchell

    Revmitchell Well-Known Member
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    As the Obama administration announces proposed sweeping defense cuts, a Congressional Budget Office report documents how increases in other areas of domestic spending may be forcing the White House to reduce money for the military.

    The CBO report finds that mandatory spending, which includes Social Security, Medicare and Medicaid, is projected to rise $85 billion, or 4 percent, to $2.1 trillion this year.

    Interest on the debt is worse. It is projected to increase 14 percent per year, almost quadrupling in dollar terms between 2014 and 2024. "We are going to be spending more in interest in a couple of years then we do on national defense," House Armed Services Committee Chairman Buck McKeon, R-Calif., told Fox News.


    http://www.foxnews.com/politics/201...-be-behind-proposed-military-cuts-cbo-report/
     
  2. thisnumbersdisconnected

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    I'd say that's obviouos, since he wants to cut the military but spend $300 billion on roads and bridges.
    He's bound and determined to destroy this country, and make it look like he's helping it.
     
  3. Revmitchell

    Revmitchell Well-Known Member
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    Roads and bridges, if you believe that on I have some ocean front property here in NM to sell you.
     
  4. thisnumbersdisconnected

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    Exactly. :thumbsup:
     
  5. Revmitchell

    Revmitchell Well-Known Member
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    And they are shovel ready I'll bet ya.
     
  6. thisnumbersdisconnected

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    Do we want to know what's being shoveled? :laugh:
     
  7. go2church

    go2church Active Member
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    Like the idea of less government spending, but it's not less spending if you are just shifting things from one stack over to another stack.
     
  8. Revmitchell

    Revmitchell Well-Known Member
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    I do too. And I could agree with the cuts it it was to fix the debt and get our economy back on track. But this is not what that is.
     
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