Morning Bell: Liberals Force Choice Between Economic and National Security

Rory Cooper / August 01, 2011

Put the security of the nation at risk or raise taxes. This is the sour “deal” liberal lawmakers are offering in exchange for insufficient spending cuts, according to reports of this weekend’s debt negotiations in Washington.

The framework that Republicans and Democrats are close to approving would raise the debt limit by at least $2.1 trillion and get Obama and congressional Democrats past their target date: Election Day 2012. In return for this generous political cover, Democrats would agree to a modest $1 trillion in supposed cuts spread out over 10 years; $350 billion of those “upfront” savings come from gutting national security resources. (more…)