Wednesday, May 04, 2011

There May Yet be Hope for American Governance this Year!

Senate Majority Leader Harry Reid (D-NV) ” wants the full Senate to consider repealing oil and gas” subsidies next month. House Minority Leader Nancy Pelosi (D-CA) is also urging House Speaker John Boehner (R-OH) to vote on repealing the subsidies.
President Obama’s decision to nominate Leon Panetta to be the next Secretary of Defense may signal steep defense cuts are on the way . While current Secretary Robert Gates has been largely unwilling to rethink the size of the defense budget, Panetta is expected to carry out the president’s goal of cutting $400 billion from defense spending over the next 12 years.

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