photo FamilySurvivalProtocolColliseumBannergrayscale900x338_zpsb17c85d0.jpg

…………………………………………………………………………………

 

Consortium News

Obama Keeps Pentagon Spigot Open

 

President Barack Obama on the campaign trail. (Photo credit: barackobama.com)

Though he ran for the White House as a “change” candidate, President Obama has mostly favored continuity, including bending to the usual pressure from the Military-Industrial Complex to keep the Pentagon spending flowing, as budget watchdog Chuck Spinney explains.

By Chuck Spinney

The Pentagon just won another small skirmish in its long war with Social Security and Medicare. That is the unstated message of the budget deal just announced gleefully by congressional leaders and President Barack Obama. To understand why, let’s take a quick trip down memory lane.

Last January, President Obama submitted Fiscal Year (FY) 2016 budget to Congress, and he proposed to break the spending limits on both defense and domestic programs.  These limits are set by the long-term sequester provisions of the Budget Control Act of 2011  (BCA), which, for better or worse, is the law of the land, and Obama was asking Congress to change the law.

Mr. Obama wanted to finance his ramped up spending proposals by increasing taxes.  Of course, he knew that the Republican-controlled Congress lusted for defense increases but hated domestic spending, particularly entitlements, such as Social Security and Medicare.

Moreover, he knew increasing taxes was like waving the red cape in front of the Republican budget bulls. So, he knew his budget would be dead on arrival. Obama’s budget, nevertheless, had one virtue: it was up-front about the intractable nature of the budget problem. In effect, whether deliberately or not, Obama laid a trap that the Republicans merrily walked into during the ensuing spring and summer.

 

Read More Here

Advertisements