fiscal cliff

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Congress

Why Sequestration May Be The Least Worst Case

WASHINGTON: A year ago, the automatic budget cuts known as sequestration looked like the nightmare scenario. Today, amidst deepening gridlock and the threat of the first federal default in US history, they’re starting to look like the lesser evil. “The debt ceiling is clearly the priority,” said the city’s leading independent budget analyst, Todd Harrison […]

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America’s Superpower Status Goes Over The Fiscal Cliff

As our 2013 forecast series continues, American Enterprise Institute scholar and frequent Breaking Defense contributor MacKenzie Eaglen takes a grim look at the strategic consequences of the fiscal cliff. (Click here for the full series of forecasts so far). The nation is heading over the fiscal cliff, an economic triple threat — tax hikes, spending […]

Congress

Reagan ‘Would Be Horrified’ By Republicans Who Want To Cut Defense: Kelly Ayotte

Rising Republican star Sen. Kelly Ayotte said her “libertarian” and “isolationist” Senate colleagues who would cut defense spending to help solve the budget deficit have abandoned the principles of conservative icon Ronald Reagan. Speaking at the conservative American Enterprise Institute late Wednesday afternoon, the junior Senator from New Hampshire said that “with the issues that […]

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AIA Keeps Slugging Away At Sequestration; Blakey Distances Group From Tax Rate Boost

WASHINGTON: Sequestration, sequestration, sequestration — that was the one note the Aerospace Industries Association struck over and over at its biggest annual public event. Flanked by AIA’s now-iconic clock counting down 27 days before the sequester destroys “two million jobs” (a disputed figure), President Marion Blakey declared: “I’m an optimist and we have to prevail.” […]

Congress

2012 Elections: Fiscal Cliff Looms Large, Senate Shuffles

UPDATED: Added Comment By GOP Strategist John Ullyot About Obama Being In Strong Spot To Negotiate End of Sequestration If Reelected. WASHINGTON: All eyes are on the presidential vote tomorrow, with the country seeming to thrum with anticipation, fear and relief. What will all this sturm und drang mean for defense? Before we reveal our […]