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VIDEO: Rep. Buck McKeon and Author Edward Conard at The Blogger Briefing
Posted By Rob Bluey On June 26, 2012 @ 11:31 am In Ongoing Priorities,Scribe | Comments Disabled
Lawmakers in Washington have six months to figure out a way to avoid the automatic, across-the-board spending cuts  agreed to in last year’s debt-limit deal. Those cuts disproportionately target defense, prompting concerns from across the political spectrum.
Leading the charge in Congress is Rep. Buck McKeon (R-CA), chairman of the Armed Services Committee. He’s shining the spotlight on Senate Majority Leader Harry Reid (D-NV) to put a plan on the table or make way for one of the Republican proposals. Otherwise, McKeon warns of significant job losses and compromised national security.
McKeon, along with author Edward Conard, will speak at The Bloggers Briefing on Tuesday at noon ET. Watch it live on The Foundry.
Unless Congress acts, the U.S. military is facing $492 billion of mandatory defense cuts from sequestration agreed to in the Budget Control Act. An analysis of sequestration reveals that defense spending makes up nearly 43 percent of the cuts , a larger share than either entitlements or discretionary spending.
These cuts have real-life consequences. The Heritage Foundation recently in a three-part video series  highlighted how previous military drawdowns impacted readiness and put American lives at risk.
McKeon also believes the automatic cuts would jeopardize America’s economic recovery. Top defense contractor Lockheed Martin “is likely to notify the ‘vast majority’ of its 123,000 workers that they’re at risk of being laid off,” Greg Walters, the company’s vice president of legislative affairs, told Politico . The newspaper reported Lockheed Martin won’t be alone, revealing a potential campaign nightmare for President Obama.
Following McKeon’s presentation, Conard will share his controversial outlook on America’s economy. The former managing director of Bain Capital is the author of “Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong .”
Critics have assailed him defending the so-called 1 percent and promoting inequality. A review in BusinessWeek  declared, “As far off the rails as Obama can be in attacking Bain for chasing profits—which is merely capitalism at work—Conard goes him one better. You know the Democrats’ caricature of Republicans who only care about rich people? Well, meet Ed Conard.”
Conard has made a splash with the book, appearing on the cover of the New York Times Magazine  and a guest on The Daily Show with Jon Stewart . Now he’ll share his outlook at The Bloggers Briefing.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/06/26/watch-live-rep-buck-mckeon-and-author-edward-conard-at-heritage/
URLs in this post:
 automatic, across-the-board spending cuts: http://blog.heritage.org/2012/05/07/defending-defense-sequestration-must-be-stopped/
 defense spending makes up nearly 43 percent of the cuts: http://www.heritage.org/federalbudget/budget-control-act
 three-part video series: http://www.youtube.com/playlist?list=PLF1E6782443139D64
 Politico: http://dyn.politico.com/printstory.cfm?uuid=DBE37619-40C8-4528-A787-825053754DC5
 Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong: http://www.amazon.com/gp/product/1591845505/ref=as_li_ss_tl?ie=UTF8&tag=blublo-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=1591845505
 review in BusinessWeek: http://www.businessweek.com/articles/2012-05-31/book-review-unintended-consequences-by-edward-conard
 cover of the New York Times Magazine: http://www.nytimes.com/2012/05/06/magazine/romneys-former-bain-partner-makes-a-case-for-inequality.html?pagewanted=all
 The Daily Show with Jon Stewart: http://www.thedailyshow.com/full-episodes/thu-june-7-2012-edward-conard
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