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Secretary of Defense Leon Panetta is acknowledging that cuts in the federal budget should come from entitlements, not the defense budget.
Asked about sequestration, which the White House proposed in order to play chicken with the Republicans over tax cuts, Panetta said:
The fact is that, you know, we have addressed the discretionary area, we’ve taken almost a trillion dollars out of discretionary area and out of defense alone, almost a half a trillion dollars just out of defense. I think the responsibility now, both Republicans and Democrats, has to be to look at the entitlement area, what savings can be achieved on entitlements and what additional revenues need to be on the table as well. .......
Panetta: Cuts Must Come from Entitlements
You find it Strange, that the Sec of Defense, doesnt want more Defense Cuts?
Originally posted by xuenchen
I wonder why Panetta is rocking the boat about "entitlements" ??
Very strange comments by the Secretary of Defense.
Originally posted by Hefficide
The "entitlements" slice of the pie is so very misleading. It's sad that many do not understand all of the things that are included in those dollars. The fact of the matter is that if we cut those funds, unilaterally, it wouldn't take a month before even the staunchest right wing ideologue would be begging to have the funds restored.
The deficit is a huge problem that is not going to get fixed in a year, or four, or even eight. It is going to require a game plan and one that does not gut any particular spending area... but rather trims the fat from them all.
Originally posted by learnatic
reply to post by xuenchen
Well they sure as christ ar'nt going to come from corporate welfare are they?? Nor are they going to come from the rich or the war industry are they?? .
November 15th, 2012 at 6:21 am · Reply
instead of giving the bankers 100% of the debt payment…
how about only paying a prorata share and keep the peoples share of 'entitlements' at a level above mere subsistance living…
the lack of money to pay the bankers will eventually reverse and the greedy bankers will eventually be made whole
there is no need to roughly displace and denigrate the masses so the banker caste can remain affluent and strip the dignity from their prey
Read more at investmentwatchblog.com... -of-madrid-is-a-war-area-right-now/#oxr3MOXIpebQSgjH.99