Skip to main content

View Diary: What the fiscal cliff means for the middle class (54 comments)

Comment Preferences

  •  RE: overseas military spending (7+ / 0-)

    It is my understanding that the "fiscal cliff" provision will cut all spending by 10% across the board. So that does not means closed overseas bases. It means 10% less for an overseas base budget and 10% less for the Norfolk Naval Yard budget. So it will definitely have a domestic impact.

    This is why it is better to negotiate cuts where cuts can best be made.

    But bottom line you are right. "Cliff" is a very misleading term. Budgets can be cut by 10% and in theory go on operating at "normal" levels for 90% of the year. There is ample time to negotiate after we have sailed over the so-called cliff.

    Fiscal bunny hill is more descriptive.

Subscribe or Donate to support Daily Kos.

  • Recommended (148)
  • Community (70)
  • Memorial Day (29)
  • Civil Rights (27)
  • Elections (27)
  • Culture (26)
  • Environment (26)
  • Media (26)
  • Science (24)
  • Law (24)
  • Trans-Pacific Partnership (23)
  • Labor (22)
  • Economy (20)
  • Josh Duggar (20)
  • Rescued (20)
  • Marriage Equality (18)
  • Republicans (18)
  • Ireland (17)
  • Education (17)
  • Climate Change (17)
  • Click here for the mobile view of the site