On August 9, Defense Secretary Robert Gates proposed a series of spending cuts to meet the military’s goal of trimming $100 billion from the budget. Facing the chopping block are the Joint Forces Command in Virginia; the budget for contractors, which could see a reduction of 10 percent a year for three years; and the top-heavy hierarchy.Read more
A resounding no from the White House has ended speculation whether the administration would extend the Bush tax breaks for the wealthy beyond the 2010 deadline, reports The New York Times. So what can we expect? Continued tax cuts for the middle class--that 98 percent of folks who are making below $250,000 as a couple and below $200,000 as an individual--and another $180 billion of business tax credits and for improving the nation's infrastructure.Read more
YPNation's Michael Podguski and William Schirano, two Washington, D.C.-based defense policy analysts, go to head to head as President Barack Obama addresses the nation regarding the withdrawal of troops from Iraq. Watch their debate by clicking here.
Late last night, the House approved by a narrow margin of 219 to 212 sweeping changes to the nation's health system. It was the final showdown of a long, bloody battle--one that sharply divided Congress, and even the nation. But the conversation about health care reform has really only just begun, as we implement the reform, witness its impact and build upon its foundation. Read more