Will Ties to Pentagon Contractors Push 'Supercommittee' Democrats to Cut Entitlements?
Continued from previous page
A real reining-in of defense spending by the supercommittee would mean markedly more than $1 trillion in cuts over the next 10 years. Even the supposed “doom” of sequestration would still leave the industry sitting as pretty as it was in a boom year like 2007. The likelihood of either coming to pass is, however, astonishingly slim. With deep pockets, easy access to lawmakers and the power of manufacturing jobs as an ace in the hole, defense contractors are well-position to fend off even modest reductions to future Pentagon budget increases.
In regard to Boeing’s move east and the fight between the weapons-maker and union workers, Clyburn wanted to have it both ways. He won’t have that luxury this fall, even if both the Joint Select Committee on Deficit Reduction’s recommendations and sequestration ultimately fail. Before Thanksgiving, Clyburn and his supercommittee colleagues will be forced to make a clear decision for cuts to programs like Medicare and Medicaid or the type of budgets that have resulted in nearly $8 trillion in national security spending since 2001.
This is a joint investigative project by AlterNet, Salon, and Brave New Foundation, based upon an article and research produced by Nick Turse. Partial Funding for this project came from the Media Consortium's Campaign Cash Collaborative, in collaboration with the We The People Campaign.