UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: tjscott0 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 741932  
Subject: Repubs Have Leverage In Sequestration Battle Date: 2/14/2013 11:58 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
So sez Business Week.


http://www.businessweek.com/articles/2013-02-14/why-democrat...

Democrats are generally seen as having the advantage. The programs they’re most concerned about (Medicare, Medicaid, nutrition assistance) are, for the most part, spared the budget axe. The same is not true for Republicans. Sequestration makes deep cuts to the military budget, a source of intensifying concern for conservatives, who have already begun fighting amongst themselves over how to respond.

But a new study out Thursday morning from Bloomberg Government (subscription only) does quite a bit to upend that logic. The study shows that Democratic congressional districts will be harder hit by the military cuts than Republican ones, and that eight of the top 10 districts that will experience the deepest cuts are represented by Democrats. Robert Levinson, the Bloomberg Government defense analyst who conducted the study, found that “Democrats won 47 percent of the seats in the House of Representatives in the 2012 election, but 58 percent of the military’s fiscal 2012 prime contract spending went to companies performing work in those districts.” Among the top districts, military spending in those represented by Democrats averaged $893 million this year versus $573 million in those represented by Republicans.


Democrats certainly fight any base closures in their districts; so it is likely they will fight to save defense jobs.

So who's gonna blink.

Personally I believe there is much fat in the defense budget along with the unnecessary departments in the federal government. I wouldn't might the meat ax approach as Democrats won't make any meaningful budget cuts. But I think it likely republican will cave for some tax increases/elimination of tax deductiions.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Back to the Future Buffalo Wild Wings
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement