U.S. House Budget Resolution Uses OCO Account as Back Door to Boost Defense Spending

by Shaun McDougall, Forecast International.

U.S. House Republicans have proposed an FY16 budget plan that would allow the Pentagon to sidestep sequestration spending caps by adding $39 billion to the Overseas Contingency Operations account. There are aspects of the budget plan that will upset both Democrats and Republican deficit hawks, however, meaning the proposed blueprint is essentially dead-on-arrival.

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