Law to give glimpse into potentially devastating defense cuts
- By Defense Systems Staff
- Aug 08, 2012
President Barack Obama on Aug. 7 signed the Sequestration Transparency Act, a law that will require his office to provide details within 30 days on how sequestration, if enacted in January, will be implemented, reports Defense Systems sister publication FCW.
More specifically, the new law requires the Office of Management and Budget to explain exactly what could be cut should Congress fail to prevent the sweeping budget cuts. Sequestration, which would slash federal spending by $1.2 trillion over the next 10 years, is set to be triggered due to a congressional "supercommittee" that could not reach agreement on what could have been more targeted budget cuts. I
“There is no amount of planning or reporting that will turn the sequester into anything other than the devastating cut in defense and domestic investments that it was meant to be. The sequester was passed by both Republicans and Democrats not as a policy we want to see enacted, but as a forcing mechanism to get Congress to act in a serious, balanced way on deficit reduction,” White House Spokesman Jay Carney said in a recent press briefing.