The Architects Of Sequestration
ARRA News Service - Warning: Crippling Defense Cuts - Sequestration |
‘Idea For The Draconian Spending Cuts Originated In The White House’
- WOODWARD: “Lew, Nabors, Sperling and Bruce Reed, Biden’s chief of staff, had finally decided to propose using language from the 1985 Gramm-Rudman-Hollings deficit reduction law as the model for the trigger.” (Bob Woodward, “The Price Of Politics,” Pgs. 339-340, 2012)
- WOODWARD: “At 2 p.m. Lew and Nabors went to the Senate to meet with Reid and his chief of staff, David Krone. ‘We have an idea for the trigger,’ Lew said. ‘What’s the idea?’ Reid asked skeptically. ‘Sequestration.’” (Bob Woodward, “The Price Of Politics,” Pgs. 326-7, 2012)
WH Plan: Cut Half From The Defense Department
WOODWARD: “Well, it could work, Lew and Nabors explained. What would the impact be? They would design it so that half the threatened cuts would be from the Defense Department. ‘I like that,’ Reid said. ‘That’s good.’” (Bob Woodward, “The Price Of Politics,” Pgs. 326-7, 2012)“Big cuts would hit the military.” (“White House Report Details Effects Of Automatic Budget Cuts,” The New York Times, 9/14/12)
“Top defense officials have warned that further cuts to defense could hurt national security. And defense contractors have been saying for months that the cuts could result in significant layoffs in their industry.” (“White House Details Fiscal Cliff Spending Cuts,” CNN Money, 9/14/12)
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