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Second Panel Calls for Cutting Military Spending
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The Rivlin-Domenici Deficit Report recommends freezing US defense spending from 2012 to 2016 at its current level of over $700 billion a year. This means the Defense department budget would not be adjusted for inflation, and the military would not have the $431 billon in additional spending that the Congressional Budget Office had projected. By contrast Defense Secretary Gates has sought to keep the Defense departmet budget growing at 1% a year after inflation, plus the costs of the war in Afghanistan. And the Bowles -Simpson Deficit Commisssion chairmen have recommended $100 billion in savings by 2015 be used to reduce the deficit. The way Gates sees it the savings of 2-3% annually in department contracts would be used for other military purposes. Rivlin-Domenici and Bowles-Simpson do not see it that way, they want to use the money for deficit reduction and improving the economic prospects for the US.
The 2010 Deficit Commission and reduction in defense spending
07/09/2010
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The two US Deficit Commissions in 2010 and the Deficit from Growing Health Care Costs
01/31/2008
Bowles-Simpson Deficit Commisssion proposals, critics say, did not adequately tackle the health care part of the US Deficit. Rivlin-Domenici Deficit Commission phases out the tax exclusion on employer-subsidized health care insurance. Both fall short in addressing the health care portion of the deficit.
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New York Times 12/11/2010
In Battle Over Health Law, Math Cuts Both Ways
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CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
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Wall Street Journal 04/05/2011
New York Times 04/07/2011
Second Panel Calls for Cutting Military Spending
New York Times 11/17/2010
Alternative deficit commission report by Rivlin-Domenici
10/21/2010
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Another Deficit Plan Targets Taxes
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Tax-cut deal has liberal Democrats fuming
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CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
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To Cut the Deficit, Look to Social Security
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