Frank: Democrats Will Cut Defense Spending by 25%
As Monique mentioned, the ProJo has endorsed Barney Frank. I wonder if they would reconsider, given that Frank now says he will cut defense spending–an important piece of Rhode Island’s economy–by 25%.
Rep. Barney Frank (D-Mass.) said Democrats will push for a stimulus package after the November election, and called for a package reducing defense spending by 25 percent while saying Congress will “eventually” raise taxes.
Frank told the editorial board of the SouthCoast Standard-Times that he wanted to reduce defense spending by a quarter, meaning the United States would have to withdraw from Iraq sooner.
“The people of Iraq want us out, and we want to stay over their objection,” he said. “It’s extraordinary.”
Frank also said the post-election stimulus package will focus on spending for building projects, extending unemployment benefits, and further supporting states’ healthcare costs. “We’ll have to raise taxes ultimately,” Frank said. “Not now, but eventually.”
See what economic stimulation a Democratic Congress will bring? Higher taxes and lost jobs! Just ask ’em.