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Author: United States. Congress. House. Committee on Armed Services
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 84
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Book Description
Author: United States. Congress. House. Committee on Armed Services
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 84
Get Book Here
Book Description
Author: House of Representatives of the United States Staff
Publisher:
ISBN: 9781482069662
Category : Political Science
Languages : en
Pages : 78
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Book Description
The Chairman. The committee will come to order. Good morning, ladies and gentlemen. The House Armed Services Committee meets today to receive testimony on the Department of Defense planning for sequestration, the Sequestration Transparency Act of 2012 and the way forward. Thank you all for being here. This will be the last week the House is in session until mid-November. Today's hearing will provide Members a final opportunity before the lame-duck session to inform themselves and their constituents about how sequestration will be implemented and how those decisions will affect our men and women in uniform and our national security. We had hoped that the President would provide this information in the report required by the Sequestration Transparency Act. Unfortunately, he failed to comply with both the letter and the spirit of the law. Not only was the report late, but the report submitted to Congress merely paid lip service to the dire national security implications of these cuts after the President has had over a year to consider this crisis. Moreover, the White House has even gone so far as to instruct the Department of Defense not to make preparations for sequestration.
Author: United States Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781977939937
Category :
Languages : en
Pages : 78
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Book Description
Department of Defense plans for sequestration : the Sequestration Transparency Act of 2012 report and the way forward : Committee on Armed Services, House of Representatives, One Hundred Twelfth Congress, second session, hearing held September 20, 2012.
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981638550
Category :
Languages : en
Pages : 78
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Book Description
Department of Defense plans for sequestration : the Sequestration Transparency Act of 2012 report and the way forward : Committee on Armed Services, House of Representatives, One Hundred Twelfth Congress, second session, hearing held September 20, 2012.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 160
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Book Description
Author: United States Government Office of Management and Budget
Publisher: CreateSpace
ISBN: 9781479346509
Category :
Languages : en
Pages : 394
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Book Description
The Sequestration Transparency Act of 2012 (STA) (P.L. 112-155) requires the President to submit to Congress a report on the potential sequestration triggered by the failure of the Joint Select Committee on Deficit Reduction to propose, and Congress to enact, a plan to reduce the deficit by $1.2 trillion, as required by the Budget Control Act of 2011 (BCA). In response, the Office of Management and Budget (OMB) is issuing this report based on assumptions required by the STA. The report provides Congress with a breakdown of exempt and non-exempt budget accounts, an estimate of the funding reductions that would be required across non-exempt accounts, an explanation of the calculations in the report, and additional information on the potential implementation of the sequestration. In August 2011, bipartisan majorities in both the House and Senate voted for the threat of sequestration as a mechanism to force Congress to act on further deficit reduction. The specter of harmful across-the-board cuts to defense and nondefense programs was intended to drive both sides to compromise. The sequestration itself was never intended to be implemented. The Administration strongly believes that sequestration is bad policy, and that Congress can and should take action to avoid it by passing a comprehensive and balanced deficit reduction package. As the Administration has made clear, no amount of planning can mitigate the effect of these cuts. Sequestration is a blunt and indiscriminate instrument. It is not the responsible way for our Nation to achieve deficit reduction. The President has already presented two proposals for balanced and comprehensive deficit reduction. It is time for Congress to act. Members of Congress should work together to produce a balanced plan that achieves at least the level of deficit reduction agreed to in the BCA that the President can sign to avoid sequestration. The Administration stands ready to work with Congress to get the job done. The estimates and classifications in the report are preliminary. If the sequestration were to occur, the actual results would differ based on changes in law and ongoing legal, budgetary, and technical analysis. However, the report leaves no question that the sequestration would be deeply destructive to national security, domestic investments, and core government functions. Under the assumptions required by the STA, the sequestration would result in a 9.4 percent reduction in non-exempt defense discretionary funding and an 8.2 percent reduction in non-exempt nondefense discretionary funding. The sequestration would also impose cuts of 2.0 percent to Medicare, 7.6 percent to other non-exempt nondefense mandatory programs, and 10.0 percent to non-exempt defense mandatory programs. The percentage cuts in this report, and the identification of exempt and non-exempt accounts, reflect the requirements of the laws that the Administration is applying. With the single exception of military personnel accounts, the Administration cannot choose which programs to exempt, or what percentage cuts to apply. These matters are dictated by a detailed statutory scheme. The Administration does not support these cuts, but unless Congress acts responsibly, there will be no choice but to implement them. On two separate occasions, the President has put forward proposals to responsibly avoid these arbitrary cuts: first, in the President's Plan for Economic Growth and Deficit Reduction that was presented to the Joint Committee in September 2011, and second, in the President's fiscal year (FY) 2013 Budget. Both of these plans made tough choices to reduce the deficit with a balanced package of spending cuts and revenue increases, with the FY 2013 Budget proposing $2.50 in spending cuts for every $1 in new revenue.
Author:
Publisher: Government Printing Office
ISBN:
Category :
Languages : en
Pages : 566
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Book Description
Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 572
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Book Description
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781977947581
Category :
Languages : en
Pages : 126
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Book Description
In March 2013, the President ordered across-the-board spending reductions, known as sequestration, for all federal agencies and departments. As a result, DOD's discretionary resources were reduced by about $37.2 billion over the remainder of FY 2013. The joint explanatory statement accompanying the National Defense Authorization Act for Fiscal Year 2014 included a provision for GAO to review DOD's implementation and effects of the FY 2013 sequestration. This report examines, for the FY 2013 sequestration, (1) how DOD allocated reductions, (2) what effects DOD has identified on selected DOD programs, services, and military readiness, and (3) the extent to which DOD took actions to mitigate the effects of sequestration. GAO analyzed DOD's FY 2013 budget and execution data and reviewed a nongeneralizeable sample of five types of expenses or investments-such as maintenance, and a selection of weapon systems and military construction projects-based on the magnitude of reductions and possible relation to readiness. For each area, GAO reviewed data on planned versus actual spending and reports on actions taken and interviewed DOD and service officials.
Author: Sharon L. Pickup
Publisher:
ISBN: 9781457851902
Category :
Languages : en
Pages : 44
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Book Description
The absence of legislation to reduce the federal budget deficit by at least $1.2 trillion triggered the sequestration process in section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA), as amended. Pursuant to the BBEDCA, the President ordered sequestration of budgetary resources across non-exempt federal government accounts on March 1, 2013. The Office of Management and Budget (OMB) estimated that the Dept. of Defense (DOD) would be required to take a 7.8% reduction in nonexempt defense discretionary funding. However, the Consolidated and Further Continuing Appropriations Act, 2013 provided DOD with a full appropriation for the remainder of FY 2013. This report describes the extent to which (1) DOD developed plans and methodologies to implement spending reductions in light of the Budget Control Act of 2011 and relevant guidance, including identifying potential impacts on U.S. military capabilities and DOD personnel; and (2) DOD has made use of any reprogramming and transfer authorities to manage spending reductions during FY 2013. Figures and tables. This is a print on demand report.
