Obama Inflates Defense . The president was referring to a Defense Department report that identified $178 billion in.Reid Twice Wrong on $2. Trillion . Harry Reid was doubly wrong when he claimed that Congress already has cut $2. In fact, legislation he refers to applied to both security and non- security spending. Furthermore, a good chunk of the deficit reduction came from tax increases, not spending cuts. Reid made the claim — twice — on ABC’s “This Week” on Feb. Reid: The American people need to understand that it’s not as if we’ve done nothing for the debt. And all those cuts have come from non- defense programs. And he repeated his spurious claim again, later in the program: Reid: I repeat: $2. If we’re going to have a sequester, defense is going to have to do their share. Reid’s $2. 6 trillion figure (which covers a 1. Just two days after the Pentagon outlined major cuts to the U.S. Army and other military programs, President Obama is calling for a whopping $300 billion commitment for America's roads, bridges and mass transit systems -- though as much as half comes from a tax plan that has bleak prospects on the. Obama Unveils New Budget Cuts By JACKIE CALMES MAY 7, 2009 Continue reading the main story Share This Page. Gates’s targets are missile defense programs, the Army’s costly Future Combat Systems, Navy shipbuilding, the advanced. Senate floor — only three days earlier — “We have already made nearly $2. Since then, he has added over $1. Democratic claims of $2. For example, President Obama said at a news conference on Jan. President Obama announced a new military strategy on Thursday that will cut the Pentagon budget by hundreds of billions of dollars over the next decade. Speaking from the Pentagon, Obama said the plan is 'smart, strategic' and sets priorities. With the election behind him, newly re-elected President Obama will have to find a way to prevent the crippling defense cuts facing the Pentagon beginning early next year, defense analysts said. Going into 2013, Obama will face extreme fiscal challenges tied to defense spending. The proposed defense. But Obama included in that figure only $1. Obama’s figure also included more than $6. Jan. And it included about $5. A spokesman for Reid, whom we contacted by email, also conceded that Reid’s higher figure includes what he called “tax savings,” by which of course he means higher taxes. According to a White House “fact sheet” issued Jan. Budget Control Act of 2. Reid’s spokesman also confirmed that his total included “the spending caps in the BCA.” But contrary to Reid’s claim on ABC’s “This Week,” that legislation called for caps on all “discretionary” spending, including both “security” (a category mostly made up of military spending) and “non- security” spending. The caps on discretionary spending began in fiscal year 2. The Obama administration estimates that they will reduce “security spending” by “about $4. The Budget Control Act imposed “caps” on discretionary spending that Congress is supposed to comply with in future appropriations bills. The White House’s projections of $2. Congresses will actually make. Even if Congress does meet those caps, huge deficits will continue unless further action is taken. By fiscal 2. 02. 3, the debt owed to the public will reach nearly $2. Feb. 5 by the nonpartisan Congressional Budget Office. That’s an increase of more than $8 trillion on top of the $1.
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