Spoken like a true liberal. (OTM) — A Democratic legislator said it would be fine with him if the supercommittee failed to reach agreement and steep, automatic cuts to domestic and defense spending happened. “I hope that they cannot reach an agreement,” Rep. Jerrold Nadler (D-N.Y.) said, according to Capital New York. Some Democrats have
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Dem Rep. Jerrold Nadler Says He Hopes Deficit Supercommittee Fails So Military Will Be Gutted…
Download audio here Download Podcast | iTunes | Podcast Feed Today on Coffee and Markets Francis Cianfrocca and I discuss the fiftieth anniversary of Eisenhower’s “military-industrial complex” warning, Defense spending and cuts, and the challenges of Fed policy on inflation. We’re brought to you as always by Stephen Clouse and Associates . You can find our iTunes feed at CoffeeandMarkets.com. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show. Related Links: Looking Back on Ike’s Farewell Address Bromund on the Constitutional Mandate for Defense RCW: Tea Party Views on Afghanistan The Philly Fed’s Plosser: Speech in Chile McArdle and Tamny: A Debate on Fed Policy
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Fifty Years Later: Ike on the Military Industrial Complex
Filed under: Democrats , Republicans , Polls , Obama Administration , Poll Watch , Deficit , Jobs Seven out of 10 Americans say the deficit is a major problem that needs to be addressed now, but when presented with a dozen proposals that would do it by cutting spending or raising taxes, only two got a majority.
Filed under: The Capitolist The lame-duck Congress has lots on its plate, including measures to fund the government, reduce Medicare payments to doctors, address immigration issues and ratify an arms treaty with Russia. It’s a tall order.
Filed under: National Security , Military Gates says that before he steps down as Defense Secretary next year, he plans to “strike early” in his battle with the bureaucracy and Congress over streamlining the Pentagon budget.
