Five Reasons The Super Committee Won’t Matter (From AOL Defense)
Everybody in the defense business seems to be focused on the deliberations of the congressional “super committee” set up by the Budget Control Act. If the panel fails to recommend $1.2 trillion in deficit reductions over ten years — or Congress fails to enact the recommendations — automatic cuts to defense and domestic programs will be triggered. Secretary of Defense Leon Panetta says the damage to national security and the economy could be extensive. However, there are numerous reasons to suspect that the super committee will not provide the last word on America’s future defense posture. Laws can be amended. Elections are coming. New threats will arise. There’s no stomach for additional blows to the economy. And more borrowing by the Treasury is easy right now. I have written a commentary for AOL Defense on why the super committee could end up being little more than an historical footnote. You can read it here.
Find Archived Articles: