Inhofe: Reid sequester replacement ‘undermines national security’

Reid’s plan draws from the Pentagon’s Overseas Contingency Operations account, which was set up to cover the costs of the wars in Iraq and Afghanistan.

The Pentagon has $81 billion budgeted in the 2013 OCO account, a $34 billion drop from 2012 due to the end of the war in Iraq and the Afghanistan drawdown. That number will continue to fall as the U.S. presence in Afghanistan is reduced, although the Pentagon has not yet said what it will be for 2014.

President Obama has also proposed budget savings in his budgets from reductions in war spending in order to pay for other domestic programs.

Republicans have criticized war savings as a budgeting gimmick, because war spending is added onto the base budget.

“Whether OCO is the mother of all gimmicks, or just a glaring one — everybody other than the majority leader evidently agrees on one thing: it’s the height of fiscal irresponsibility,” Senate Minority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellSenate passes 0B defense bill Overnight Health Care: New GOP ObamaCare repeal bill gains momentum Overnight Finance: CBO to release limited analysis of ObamaCare repeal bill | DOJ investigates Equifax stock sales | House weighs tougher rules for banks dealing with North Korea MORE (R-Ky.) said Tuesday.