theadanews.com - Ada, Oklahoma

October 17, 2012

Time running out for action

Tom Cole
The Ada News

Ada —  

In less than 90 days, the military will face devastating spending cuts accompanied by massive lay-offs to the defense industry unless President Obama and Senate Democrats work with House Republicans to stop the sequester.  Everyone in Washington agrees that the $492 billion in automatic, arbitrary military spending cuts known as sequestration would be disastrous for both our defense capabilities and our economy.  It is absolutely unacceptable that the president and Senate have allowed the process to advance this far without offering solutions.

 House Republicans have voted no fewer than five times to prevent the sequester before the first $55 billion in military cuts takes effect January 1. In May, we passed the Sequester Replacement Reconciliation Act, which would avert the reckless, random reductions in favor of targeted spending cuts spread more proportionately throughout the budget. This balanced, responsible approach is what Congress intended when we passed the Budget Control Act in August 2011. An unprecedented victory for fiscal sanity, the Budget Control Act required for the first time that an increase in the debt ceiling be paired with an equal amount of spending cuts. The Supercommittee’s failure to find common ground on the necessary $1.2 trillion in spending cuts is no excuse for allowing the cuts to be enacted blindly or to cut 40 percent from a military budget that represents just one-fifth of total spending. 

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