1. Debt Ceiling Bill Could Mean Drastic Reductions in Military Spending
... American loans, Republicans were forced to vote in favor of a bill that could reduce defense spending by almost $1 trillion in the next ten years. The military budget will see only modest cuts in 2012 with the spending capped at $684 billion, compared with $689 billion in 2011. The entire $5 billion cut could come directly from the Pentagon or it could be ... Howard McKeon of California and also the committee's chairman said he would not accept any cuts over $350 billion (Alexander). "There is no scenario in the second phase of this proposal that does not turn a debt crisis into a natio...
- Word Count: 792
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate