If you’ve been paying attention, you may have heard that President Obama has pledged to cut $400 billion out of security spending between now and 2023. But what you may not know is that the $400 billion won’t be a cut as far as Joe and Jane Taxpayer are concerned. Todd Harrison, Washington’s defense-budget wizard, says letting Pentagon spending grow along with inflation, between now and 2023, actually will yield more than the $400 billion in savings Obama is seeking. Keep your eye on the ball here: the $400 billion in cuts aren’t cuts as you and I understand them — they are reductions in the projected future rate of growth. And because defense spending has close to doubled over the past decade — with future spending increases folded into future budget plans as naturally as dew forms on the morning grass — the U.S. military finds trimming its future spending to the rate of inflation a near-death experience.
-
Latest on Swampland
Obama’s Persuasive Powers on Gay Marriage Manifest in Maryland
When President Obama endorsed gay marriage earlier this month, the media grappled with two basic political questions: Was his personal “evolution” a case of a politician transparently following a national trend toward accepting same-sex unions (accelerated, perhaps, by his chatty No. 2), and would it hurt his re-election chances by alienating socially conservative voters like black churchgoers? Sure, there was a recognition that it marked a gratifying moment for gay-marriage advocates — as well as some grumbling about the President’s view that it remains a state issue, not a federal one. But by and large, there were few suggestions that one man, even the President, would shift public opinion on the issue or affect public policy. Based on a new Public Policy Polling survey out of Maryland, it seems this possibility was underestimated.
From our PartnersLewis Eisenberg, Major Romney Donor, Accuses Obama Of Demonizing Wall StreetHuffPost Politics
- Twice-Told TalesSlate
- Mitt Romney's $11.7 Million Raised In April Isn't The Whole PictureHuffPost Politics
Cherokee Zero
Apparently, Massachusetts voters don’t mind that Elizabeth Warren foolishly identified herself as a Native American early in her academic career–it was, apparently, a case of family pride and wishful thinking about a Cherokee ancestor. That’s good. Warren may be the best public figure when it comes to explaining the depredations of the financial industry and [...]
