Mark Thoma: The Polarized Economic Policy Debate: All Markets Fail, Some More Than Others: Noted for August 19, 2013
Noted for August 19, 2013

Kevin Drum: Here's Why the Pentagon Is Facing $20 Billion in Extra Cuts Next Year: Noted for August 19, 2013

Kevin Drum: Here's Why the Pentagon Is Facing $20 Billion in Extra Cuts Next Year: Matt Glassman explains: "The 2011 BCA sets up different def of 'security spending' for FY12/13 and for FY14+."… Aha!… In the 2013 sequester, "security" was trimmed about $55 billion in annual terms, but some of that went to cuts at the VA, DHS, and State. In 2014, the entire $55 billion gets taken from the Pentagon budget. Apparently that adds up to about $20 billion more in pure defense cuts.

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