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Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981377732
Category :
Languages : en
Pages : 116
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Book Description
The impact of the Budget Control Act of 2011 and sequestration on national security : hearing before the Committee on Armed Services, United States Senate, One Hundred Fourteenth Congress, first session, January 28, 2015.
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781981377732
Category :
Languages : en
Pages : 116
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Book Description
The impact of the Budget Control Act of 2011 and sequestration on national security : hearing before the Committee on Armed Services, United States Senate, One Hundred Fourteenth Congress, first session, January 28, 2015.
Author: United States. Congress. Senate. Committee on Armed Services
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: United States. Congress. Senate. Committee on Armed Services
Publisher:
ISBN:
Category : Military readiness
Languages : en
Pages : 120
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Book Description
Author: Committee on Armed Services United States Senate
Publisher: Createspace Independent Publishing Platform
ISBN: 9781539686729
Category :
Languages : en
Pages : 116
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Book Description
Despite an accumulating array of complex threats to our national interests, we are on track now to cut $1 trillion from America's defense budget by the year 2021. The Islamic State of Iraq and Syria (ISIS), has taken over a swath of territory the size of Indiana in the Middle East. We are now on track to having nearly 3,000 U.S. troops back in Iraq, and we are flying hundreds of airstrikes a month against ISIS in Iraq and Syria. China has increased its aggressive challenge to America and our allies in the Asia-Pacific region where geopolitical tensions and the potential for miscalculations are high. While the Ryan-Murray budget agreement of 2013 provided some relief from the mindlessness of sequestration, that relief did little to provide the kind of fiscal certainty that our military needs to plan for the future and make longer-term investments for the national defense. If we continue with these arbitrary defense cuts, we will harm our military's ability to keep us safe. Our Army and Marine Corps will be too small. Our Air Force will have too few aircraft, and many of those will be too old. Our Navy will have too few ships. Our soldiers, sailors, airmen, and marines will not get the training or equipment they need. It will become increasingly difficult for them to respond to any of a number of contingencies that could threaten our national interests around the world.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Grant Driessen
Publisher: Createspace Independent Publishing Platform
ISBN: 9781973745907
Category :
Languages : en
Pages : 24
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Book Description
When there is concern with deficit or debt levels, Congress will sometimes implement budget enforcement mechanisms to mandate specific budgetary policies or fiscal outcomes. The Budget Control Act of 2011(BCA; P.L. 112-25), which was signed into law on August 2, 2011, includes several such mechanisms. The BCA as amended has three main components that currently affect the annual budget. One component imposes annual statutory discretionary spending limits for defense and non-defense spending. A second component requires annual reductions to the initial discretionary spending limits triggered by the absence of a deficit reduction agreement from a committee formed by the BCA. Third are annual automatic mandatory spending reductions triggered by the same absence of a deficit reduction agreement. Each of those components is described in further detail in this report. The discretionary spending limits (and annual reductions) are currently scheduled to remain in effect through FY2021, while the mandatory spending reductions are scheduled to remain in effect through FY2025. Congress may modify or repeal any aspect of the BCA procedures, but such changes require the enactment of legislation. Several pieces of legislation have changed the spending limits or enforcement procedures included in the BCA with respect to each year from FY2013 through FY2017. These include the American Taxpayer Relief Act of 2012 (ATRA/P.L. 112-240), the Bipartisan Budget Act of 2013 (BBA 2013/P.L. 113-67, also referred to as the Murray-Ryan agreement), and the Bipartisan Budget Act of 2015 (BBA 2015/P.L. 114-74). Those laws included changes to the discretionary limits imposed by the BCA that increased deficits in each year from FY2013-FY2017. No change has been enacted for FY2018 and beyond, so the discretionary spending limits for FY2018 through FY2021 remain at the level prescribed by the BCA. The discretionary caps in FY2018 are scheduled to be approximately $549 billion for defense activities and $516 billion for nondefense activities This report addresses several frequently asked questions related to the BCA and the annual budget.
Author: Bradley Bosserman
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 40
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Book Description
The passage of the Budget Control Act (BCA) has broad implications for every program and agency that is funded through the Federal budget process, but consequences for the American defense and national security apparatus are both unique and important to analyze. A little-discussed provision of the BCA requires that a Balanced Budget Amendment (BBA) be brought to the floor of both houses of Congress before the end of year. While both the initial caps and potential sequestration cuts would have dramatic impacts on short-term defense spending, the possibility of a Balanced Budget Amendment would prove to have much more extensive implications for medium and long-term defense spending, as well as the broader national security apparatus and the defense-industrial base.
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: Committee on Committee on Armed Services United States Senate
Publisher: CreateSpace
ISBN: 9781501055218
Category :
Languages : en
Pages : 146
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Book Description
Sequestration is arbitrary and irrational. While we will learn more today about its impacts on our national defense, with sequestration, as with Continuing Resolutions (CR), government shutdowns, and the recurring looming threat of a default on the Nation's debt, we not only fail to sustain our national security, but also fail to meet our shared obligation to protect and promote public safety, health, transportation, education, and the environment. When we allow this to happen, we put at risk much of what we do and stand for as a Nation and we undermine our position in the world. Throughout the 2 years since the enactment of the Budget Control Act (BCA) and its provisions for sequestration, our military leaders have been warning us of its harmful consequences. If sequestration continues, the Services will have to cut Active and Reserve component end strength, reduce force structure, defer repair of equipment, delay or cancel modernization programs, and allow training levels to seriously decline, which will reduce our ability to respond to global crises, thereby increasing our Nation's strategic risk.
Author: Eric M. Radmacher
Publisher: Nova Science Publishers
ISBN: 9781622579136
Category : Sequestration (Public finance)
Languages : en
Pages : 0
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Book Description
Sequestration is a process of automatic, largely across-the-board spending reductions to meet or enforce certain budget policy goals. In the 1990s, sequestration was used to enforce statutory limits on discretionary spending and a pay-as-you-go (PAYGO) requirement on direct spending and revenue legislation. In general, sequestration entails the permanent cancellation of budgetary resources by a uniform percentage. This book examines the new considerations and potential impacts of budget control and sequestration with a focus on select program exemptions and special rules; the Budget Control Act of 2011; and the potential impact of automatic spending reduction procedures on health reform spending.
