A Thanksgiving deadline fast approaches for the bipartisan super committee.
They’re charged with working out a deal that would erase over one-trillion dollars in debt in the United States over the next ten years – but there have been little to no reports of any agreements.
The consequence of no agreement would be deep automatic cuts. That has Defense Secretary Leon Panetta and Army Chief of Staff Ray Odierno concerned. They say it could open the door to more outside aggression from countries that consider America an enemy.
Odierno says the DOD has already agreed to cutting $450-Billion in spending, but no agreement from the super committee could lead to an additional $600-Billion in cuts. Odierno says that would be disastrous for the armed forces.
Last Friday, President Obama called the chairs of both parties on the super committee and urged them to reach an agreement.