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War savings and debt reduction: Take two

Publié par Clifford Armion le 15/11/2011

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Lori Montgomery

The congressional supercommittee is looking to count as budget savings as much as $700 billion that the nation no longer plans to spend on the wars in Iraq and Afghanistan over the next decade, an accounting gimmick that has drawn fire from both Democrats and Republicans.

In deference to that criticism, aides from both parties said the panel would not count war savings toward its primary debt-reduction goal of at least $1.2 trillion. Instead, they are considering using the savings to pay for other priorities, such as extending emergency unemployment benefits and a temporary payroll tax cut currently enjoyed by every American worker.

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"War savings and debt reduction: Take two", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2011. Consulté le 19/07/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/war-savings-and-debt-reduction-take-two