

Rep. Frank seeks Obama clarification on defense vs. mandatory spending cuts
House Financial Services Committee ranking member Barney Frank (D-Mass.) on Friday called on President Obama to clarify the administration's position on whether future spending cuts should come only from mandatory spending accounts, not from the Defense Department.
Frank's Aug. 5 letter to Obama was a response to comments from Defense Secretary Leon Panetta, who on Thursday warned against going past the $400 billion in cuts already expected under the debt-ceiling deal. Press reports say Panetta argued that Congress should cut mandatory spending, such as social services, instead of defense spending, and also look to increase federal revenues.
But Frank argued that this would unfairly target Medicare and Social Security.
"I urge you to make clear that Defense Secretary Leon Panetta did not speak for the Administration when he stated yesterday that additional spending cuts, beyond those in the recent debt-ceiling agreement, should come from non-discretionary spending such as Social Security and Medicare while the military budget is spared," Frank wrote.
He said Panetta's comments seem to reveal a Pentagon strategy to keep U.S. troops in Iraq past 2011 and "resist an orderly withdrawal from Afghanistan."
"Secretary Panetta's recommendations would require reducing Social Security benefits and medical care for older Americans," Frank wrote. "A sensible approach to military spending would allow America to remain the strongest nation in the world without requiring us to put additional burdens on older citizens of our own country."








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