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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsReid Tests GOP Outrage Over Airport Delays With Plan To Pay Down Sequestration For Five Months
Update: 4:46 P.M.
Amid GOP complaints about airport delays caused by sequestration, Senate Majority Leader Harry Reid (D-NV) said he intends to promptly introduce legislation to use war savings to pay down automatic, across the board spending cuts for five months.
I think we should do something about sequestration. Its important we do, he told reporters at his weekly Capitol briefing. We should do what was in one of the Ryan budgets, and that is use the overseas contingency fund to delay the implementation of sequestration. We could do it for five months. During this five month period, we could come up with something longer-term.
The Overseas Contingency Operation (OCO) fund contains approximately half a trillion unspent dollars, thanks to troop drawdowns from Iraq and Afghanistan in recent years. House Budget Chairman Paul Ryans (R-WI) proposals assume a declining trajectory of OCO spending as estimated by the nonpartisan Congressional Budget Office.
Theres about $650 billion there, Reid said. Lets use a small part of that to delay sequestration for five months. Were going to move to that later this afternoon.
full article
http://tpmdc.talkingpointsmemo.com/2013/04/airport-delays-reid-sequestration-faa-war-savings.php?ref=fpb
Republicans Push Back On Reids Sequester Delay Gambit
Top Republican aides pushed back immediately after Senate Majority Leader Harry Reid (D-NV) announced a plan Tuesday to use war savings to delay sequestration for five months.
The argument from Senate Minority Leader Mitch McConnell (R-KY): It shows Reid is rejecting President Obama's insistence on including tax revenues in any plan to stop or delay the sequester.
"It's big news when the Democrat Senate Majority Leader rejects the Presidents demand that air travelers be held hostage to tax hikes," McConnell's spokesman Don Stewart told TPM in an email. "Remember, the White House said they wont accept any sequester replacement that that doesnt include even more taxes. Sen. Reid is rejecting that ransom and making clear that Democrats in the Senate are willing to replace the spending cuts in the sequester with other spending cuts. Sadly, the cuts hes chosen arent real and have been widely criticized as a budget gimmick -- but its great to see him reject the Presidents unreasonable demand for more tax hikes. And while the White House and Senate Democrats rejected it, Republicans have attempted to give the Administration (including the FAA) the flexibility to make these cuts in a smarter way -- so the impacts on the public would be diminished. We hope to give Senate Democrats a chance to reconsider their opposition to that as well."
Meanwhile, House Budget Chair Paul Ryan's (R-WI) insists that his budget proposals do not rely on war savings.
"Senator Reid is absolutely incorrect," Ryan's spokeman William Allison emailed TPM. "Not a single penny of claimed spending reductions in any of the recent budgets put forward by House Republicans come from this gimmick."
full article
http://livewire.talkingpointsmemo.com/entry/republicans-push-back-on-reids-sequester-delay-gambit