The failure of the deficit super committee could open a new front in the 2012 presidential contest, with the Republican nominee likely to campaign on reversing steep defense cuts scheduled to occur in 2013 as a result of a penalty trigger.
The Joint Committee on Deficit Reduction announced Monday that it had ceased efforts to reach a deal by Wednesday’s deadline, citing irreconcilable differences. But even before that, Republican presidential candidates had signaled that if elected next year, they would move to undo $500 billion in sequestered defense cuts set for implementation in 2013, when the GOP commander in chief would take office.
“It was a very bad idea to put our national security on the chopping block, and [I] will, if elected president, reverse those cuts,” former Massachusetts Gov. Mitt Romney said Friday in an interview with talk radio host Hugh Hewitt, according to a transcript of the discussion.
That appears to be the opinion of most of the Republican presidential candidates within striking distance of the nomination, according to recent polling, with the exception of libertarian-leaning Rep. Ron Paul (Texas), who favors a less muscular, less active military.
Former Speaker Newt Gingrich, the latest candidate to join Romney as a national frontrunner in the contest, has blasted the concept of the super committee since its inception, repeatedly saying that he would not honor its directives. Gingrich campaign spokesman R.C. Hammond confirmed Monday that the former Speaker would move to reverse the defense cuts if elected president, suggesting as well that he would reconsider undoing or reapportioning the triggered cuts to social programs.
“As president, he would not cede the argument of how to balance the budget to a broken bureaucracy status quo,” Hammond said. “He would be smart but not cheap.”
Of course, President Barack Obama might win a second term, rendering moot the vows of Republican presidential candidates to reverse the automatic defense cuts now on tap as a result of the super committee’s failure. In fact, Obama said during a brief televised statement Monday evening from the White House briefing room that he would oppose any efforts in Congress to set aside the $1.2 trillion in triggered cuts to defense and social programs that are to be carried out.
“My message to them is simple: No,” he said, adding that he “will veto any effort” to eliminate the automatic cuts without a balanced deal with equivalent deficit reduction. “The only way these spending cuts won’t take place is if Congress gets back to work” and agrees to a balanced package, he added. “There will be no easy offramps.”
On January 3, Sen. Kirsten Gillibrand, D-N.Y., raises her right hand as her son Henry messes up her hair while Vice President Joseph R. Biden Jr., delivers the ceremonial swearing-in in the Old Senate Chamber. Gillibrand's other son Theodore, lower right, looks on.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.