“If there is any common ground in the negotiations, it will be defense spending. Neither side wants to see the $20 billion in cuts slated for January. Both the House and Senate budgets break the sequester limit and set the Pentagon’s budget at $552 billion. It’s the nondefense spending where trouble begins … Republicans want to offset the pending cuts to defense by axing other nondefense spending and changing entitlement programs. Democrats want to get rid of sequester to both defense and nondefense programs by raising revenue through closing tax loopholes. They’re opposed to touching entitlement programs without new taxes.”
Posted on: Wed, 30 Oct 2013 18:33:31 +0000
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