Rep. Moran: Sequestration Hinges on Outcome of Presidential Election
And the Northern Virginia economy hangs in the balance...
The likelihood of sequestration being triggered in January will hinge on the outcome of next week's presidential election, according to Northern Virginia Congressman Jim Moran (D-8th). Moran gives 50/50 odds that Congress will reallocate $1.2 trillion in debt reduction during a lame duck session. If they don't, then $492 billion in defense spending included in the Budget Control Act will be triggered, which could result in devastation for the Northern Virginia economy, which relies heavily on defense contracting. Moran, who is running for reelection, sits on the House Committee on Appropriations, is Ranking Member on the Subcommittee on Interior, Environment and Related Agencies and is a member of the Defense and Military Construction, …
Sharpie
7:41 am on Monday, November 5, 2012
Make a special note to watch the Free and Equal Election Debate between third party Presidential candidates, Gov. Gary Johnson (Libertarian ) and Dr. Jill Stein (Green) to be aired tonight on Monday evening, Nov. 5th from 9:00 - 10:30 pm Eastern Time. Perform a worthwhile civic duty, and be certain to listen in on this historic debate so that you can make an informed decision on voting day. Third… more ›