Asset Based Loan

Can defense be exempt from cuts?

Can defense be exempt from cuts without breaking the budget?

In Mitt Romeny’s budget plan, defense spending would increase beyond what the department is even asking for.   This, along with no increase in revenues makes the prospect of balancing the budget remote in real terms.    This can be argued, but the numbers are way off.

With a current budget deficit of $1 trillion dollars, and no one in the administration able to explain why it is this high 4 years into the current administration, prospects of fiscal sanity are dim.    Since defense is a very large part of the budget, it is difficult to envision this being increased beyond current requests without blowing a further whole in the budget.

There has been talk of making up for it with cuts to Public Broadcasting.    Public Broadcasting is may 1/10000 of the budget spent by the Government on defense so that won’t work.