Last week, the Republican Congress is expected to unveil its fiscal year 2016 budget resolution just as House defense authorizers start marking up their annual bill. What will that mean for the US military? Bottom line, the Pentagon should realistically expectno more than $569 billion from Congress in the final, enacted 2016 budget between base and… Keep reading →
WASHINGTON: The Republican congressman who oversees the Navy actually likes Barack Obama’s 2016 defense budget — except for one small thing: It isn’t really a budget. “It would be almost a misnomer to call this a budget. It’s [just] numbers,” Rep. Randy Forbes told me this morning, in advance of tomorrow’s budget hearing. “If you… Keep reading →
ARLINGTON: No one knows what the 2016 budget is really going to be. In fact, no one can even plan properly for what it might be, the highest-ranking budgeteer in Army uniformmade clear this morning. The uncertainty is coming at the Pentagon from two sides at the same time. On the demand side, there’s… Keep reading →
Looking beyond the current debt crisis, the Obama Administration (and future presidents for that matter) should expect continued stiff resistance from the Congress whenever the ceiling needs to be increased. No one likes to vote for a debt ceiling increase; there’s no clear upside and plenty of down, particularly for members of Congress who were elected promising to hold the line on spending and taxes.
Moreover, the composition of our accumulated debt is incomprehensible; just seems to be a growing miasma of political toxicity – a debt blob. Notwithstanding imaginative, though apparently unworkable, short-term fixes like the platinum coin, there needs to be consideration of ideas beyond the binary choice of Congress either enacting a debt ceiling increase or failing to act and putting the nation into default. Keep reading →
For the fourth straight year, federal IT spending was about even with the prior year’s budget – and it seems very clear that trend will come to an abrupt halt in 2013. The Professional Services Council (PSC) stated the “Addressable IT Budgets” in Fiscal Year 2012 added up to $121.7 billion – a total the Council estimates will drop to $115.5 in FY13, with budgets for IT equipment expected to drop 19% in FY13.
With the so-called “fiscal cliff” looming, the new year began promptly with a deal that largely addressed the tax portion of the so-called “fiscal cliff” equation, but delayed measures addressing the spending portion of the “cliff” that include raising the debt ceiling and sequestration spending cuts. Keep reading →
GSA Acting Administrator Dan Tangherlini said Wednesday that the “supply” agency is working with other agencies to plan for possible sequestration budget reductions since that would mean cutting back on everything from supplies to real estate.
“Our planning is really responsive to the agencies we serve and to get a better sense of how they are thinking about it,” Tangherlini told reporters following a speech at George Washington University. “One of the things we are trying to do is establish a continual framework of communication and see if there are ways we can help [other agencies] manage their way through it.” Keep reading →
With the sequestration deadline looming, government contractors are split on whether the pending sequestration budget cuts will occur.
According to survey findings released today by Market Connections, Inc., a leading government market research firm, 36% of government contractors believe sequestration is unlikely to happen, while 34% believe the budget cuts are somewhat likely. Keep reading →
“We’re long past the point of doing more with less,” said the blunt-spoken Under Secretary of the Navy, Robert Work. “We are going to be doing less with less in the future.”
But with a continuing resolution, sequestration in three weeks, and to-be-determined defense cuts a likely part of any “grand bargain” to avert the fiscal cliff, how much less is maddeningly unclear. So it’s impossible to make intelligent plans or choices. Keep reading →
Hope springs eternal, even here in the nation’s capital. After the election, both President Obama and House Speaker John Boehner made nice noises. And many pundits hailed this, believing either that sequestration would get kicked down the road a fur piece or a Simpson-Bowles’ grand bargain was in the works.
The big sticking point — at least rhetorically — had been that the Democrats want higher taxes on those earning more than a quarter of a million dollars each year and the GOP does not. Then came the electorate’s rejection of Mitt Romney and the Democrat’s better than expected performance in the Senate. Add to that the defeat of several high profile Tea Party candidates and some argued that the stage was set for compromise. Keep reading →