- Aug 3, 2009
- Reaction score
Didn't the GOP add the "Debt Commission" as part of the debt ceiling negotiations?Speaking with CNN's Erin Burnett in an interview that aired Monday on the first edition of her program "OutFront," Panetta said that he was prepared to slash about $450 billion from the defense budget over the next decade, as currently mandated. But he described as potentially dangerous any deeper cuts, like the $1.2 trillion that would be unavoidable if a bipartisan panel does not reach a debt-reduction accord in the coming weeks that is then passed by Congress and signed by President Barack Obama.
Decrying partisanship, Panetta says U.S. military 'cannot tolerate' sweeping cuts - CNN.com