- NYT’s David Brooks: Obama has ‘manhood problem’ in Middle East
- Ted Cruz thanks Obama for denying visas to terrorists
- Survivors recall chaos, fear in Everest avalanche
- General Mills apologizes for ‘right to sue’ confusion, reverses policy
- Dealer wanted in U.S. for art fraud nabbed in Spain
- Easter morning delivery for space station
- Boxer Rubin ‘Hurricane’ Carter dies at 76
- Probe could complicate Rick Perry’s prospects
- Ukraine, Russia trade blame for eastern shootout
- Obamas head to church on Easter morning
Sen. Levin: Automatic cuts to affect entire Pentagon budget
The chairman of the Senate Armed Services Committee said Tuesday that all 3,000 accounts in the Pentagon's budget would be affected if automatic, across-the-board spending cuts occur in January.
"This is the kind of mindless budgeting I think needs to be avoided," Sen. Carl Levin, Michigan Democrat, said at the National Press Club. "We've got to make hard choices."
The automatic spending cuts are set to begin Jan. 2 unless Democrats and Republicans agree on how to reduce the $1.2 trillion in budget deficit. A major sticking point has been over raising taxes.
"Historically, revenue has been about 19 to 20 percent of our gross domestic product. Today it's closer to 15 percent," Mr. Levin said. "And yet we have Republican leadership drawing an absolute line in the sand against additional revenue."
He expressed confidence that Congress eventually will avoid the automatic cuts, known as sequestration.
"I am confident that we will avoid sequestration, but if it comes in the lame-duck [session of Congress] or thereafter, it could come too late in order to avoid a severe weakening of the economy that results from the prospect of sequestration," he said.
"That's the greater challenge we face — to see if we can't possibly reach the kind of compromise which we know will be there in the end, but to do it in time to avoid this mindless and very dangerous weakening of the economy."
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Kristina Wong is a national security reporter for The Washington Times, covering defense, foreign policy and intelligence affairs. She can be reached at firstname.lastname@example.org.
- Despite Pentagon cuts and eye on Pacific, Air Force implored to save the 'Warthog'
- Pentagon welcomes budget deal but says more defense spending needed
- Rep. Hunter to Pentagon: Don't lower combat standards for women
- Scientists raise alarm over plan to destroy Syria's chemical weapons at sea
- Hagel renews Qatar defense pact despite differences over Iran, Syria
TWT Video Picks
Women losing coverage under Obamacare, too
- Scalia to students on high taxes: At a certain point, 'perhaps you should revolt'
- Former Ranger breaks silence on Pat Tillman death: I may have killed him
- Special Forces' suicide rates hit record levels casualties of 'hard combat'
- Feds approve powdered alcohol; 'Palcohol' available later this year
- USAID documents cite Hillary Clinton in chaos of Afghan aid
- Tactical advantage: Russian military shows off impressive new gear
- EXCLUSIVE: FBI blocked in corruption probe involving Sens. Reid, Lee
- Jews being told to register in Ukraine: John Kerry
- Russian fighter jet buzzes U.S. Navy destroyer in Black Sea
- 10 million new babies? China's hope for boom likely to become policy bust
Top 10 handguns in the U.S.