Thursday, August 2, 2012

Obama official blames GOP, wealthy for massive looming defense cuts

The Obama administration’s senior budget official blamed nearly $500 billion in looming mandatory defense cuts on “Republican refusal to have the top two percent pay their fair share,” a political jab that many members of the House Armed Services Committee (HASC) deemed offensive.
Jeffrey Zients, the Office of Management and Budget’s acting director, surprised lawmakers by engaging in a partisan attack after Republican members of HASC demanded to know exactly how the Obama administration plans to stave off nearly $500 billion in mandatory defense cuts known as sequestration.
The cuts are scheduled to kick in on January 2, barring a last minute budget compromise in Congress.

Read more: http://freebeacon.com/classwarfare/

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