Obama Disguises Military Budget Increase as a Cut
Matt 2012/01/28 16:05:02
Wednesday, January 11, 2012 02:54 PM
By: Dick Armey
From the FreedomWorks website.
A top news story of the day is that President Barack Obama is supposedly
cutting almost half a trillion dollars from the defense budget. But
this is simply not true.
President Obama is not cutting a single dime out of the military budget.
He is actually substantially increasing military spending over the next
several years. Washington has once again cleverly disguised a spending
increase as a “cut.”
This is how it all works: the Congressional Budget Office (CBO) has a
baseline that predicts what will happen over the next decade given
current projections of taxation and spending. It shows that military
spending will dramatically increase over the next 10 years.
President Obama’s $480 billion in military spending “cuts” are only from
the bloated CBO baseline. This means that he is merely reducing
projected military spending, as opposed to cutting current spending.
Military spending will continue to rise under President Obama’s plan,
just at a slightly slower rate. Why has this sparked so much
controversy? Self-identified neoconservative Bill Kristol said that the
so-called cuts “would decimate our military.”
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