Volume XVI No.27: July 13, 2012
If House Armed Services Committee Chairman Buck McKeon (R-CA) has his way, House members will be distracted by the sideshow in his committee when they debate the fiscal year 2013 defense spending bill on the House floor next week. McKeon has called a panel of defense industry CEOs to testify on Wednesday about the havoc the impending sequestration of spending will create on their balance sheets. The timing is no coincidence: Republicans in both houses have been gnashing teeth and rending garments for the past several weeks about the impact sequestration will have on our national security. But in reality their concern seems to be more about the defense industry’s pocketbooks than our nation’s safety.
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