ENSURING THE TROOPS DON’T PAY THE PRICE FOR WASHINGTON’S FAILURE
After the President initially asked for a blank check to keep borrowing, Congress forged a bipartisan agreement – The Budget Control Act – to ensure that any debt-limit increase was accompanied by a greater amount of spending reduction.
The Budget Control Act called for deficit reduction in three stages – pre-sequester discretionary spending caps, a Joint Select Committee on Deficit Reduction (JSCDR), and an automatic spending reduction enforced by sequester in the event that the JSCDR failed.
In the wake of the JSCDR’s failure to achieve its deficit-reduction goals, discretionary spending levels are scheduled to be reduced by $98 billion effective January 2, 2013.
There is bipartisan agreement on the devastation to America’s national security that would result if these deep cuts go into effect, and both parties have expressed a desire to avoid this outcome by reprioritizing the savings.
Despite bipartisan agreement on the challenge, only House Republicans – through this budget – have proposed a solution to address it.
This budget reprioritizes sequester savings to focus on the problem, which is government spending, and to protect national security from deep and indiscriminate cuts.
It achieves these goals by giving six House committees reconciliation instructions to produce legislation by a date certain that achieves the savings called for under the Budget Control Act without the haphazard cuts that the sequester entails.