As our nation’s debt continues along its unsustainable path, it has become increasingly essential for a comprehensive fiscal plan that targets all areas of the federal budget—including defense.
Where Is Our Columbo? – Peter Falk, the award-winning actor best known for playing the rumpled, yet wily, Lt. Columbo, died on Thursday. Falk, who was an analyst with the Connecticut State Budget Bureau before embarking on a professional acting career, created an endearing and enduring character who used unique techniques to get the job done. Detective Columbo always got the bad guy using a brilliant mind and obsessive desire to tie up loose ends, all hidden behind a disheveled facade to lull the guilty party into a false sense of complacency.
Today, the Senate confirmed former CIA Director (and former CRFB Co-Chair!) Leon Panetta by a unanimous vote to become our new Secretary of Defense.
Time ‘Fore’ Action – Golf, that favorite pastime of power players, was even more popular than usual in Washington last week. Not only did the U.S. Open bring the best professional golfers in the world to the D.C. area, but a powerful foursome also hit the links, perhaps linking fiscal policy matters to their conversation as they played their round. Yet, while the Congressional Country Club in Bethesda, Maryland saw a dominating U.S.
In this next installment of our FY 2012 appropriations update, we will detail the actions that the House has taken since our last update on May 24. Despite the recess last week, the House has managed to stay active with the appropriations process.
Except in Miami – The Miami Heat weren’t hot enough, but Washington saw record temperatures last week. Capitol Hill may warm things up this week as well as both chambers are in session together for the first time this month and the Biden group looks to pick up the pace of its debt limit/deficit reduction negotiations. CRFB will also add some sizzle with a big conference this week.
In his Senate confirmation hearing this morning to become the next Secretary of Defense, CIA Director Leon Panetta (and former CRFB chairman!) said that every element of the defense budget needs to be on the table when we discuss ways to get control of our mounting federal debt.
Today's edition of USA Today features an editorial advocating increasing premiums for military retirees enrolled in TRICARE.
As part of a larger deficit-reduction effort, last month President Obama proposed cutting $400 billion from projected defense spending by 2023. Speaking at a conference in New York yesterday, Deputy Defense Secretary William Lynn said that the Department of Defense (DoD) must now find ways to cut spending without affecting overall defense capability and effectiveness.