status of forces agreement
By Thanksgiving, the Congressional "Super Committee" is supposed to come up with $1.2 trillion in debt reduction over the next ten years. The Super Committee can include anything it wants in its package - short-term economic stimulus (like extending unemployment benefits and the payroll tax holiday), revenue increases from curtailing tax breaks, cuts in military or domestic spending, subject only to two constraints. To avoid automatic cuts, the package has to add to $1.2 trillion in debt reduction over ten years. Also, to avoid automatic cuts, the package has to pass both houses of Congress in December, so the package has to have the property that it can pass the House and Senate.
A plausible and reasonable option would be to curtail future spending on the wars in Iraq and Afghanistan, consistent with keeping existing agreements and commitments to withdraw our troops, rather than replacing these agreements and commitments with agreements to establish permanent military garrisons in Iraq and Afghanistan. Under plausible and moderate assumptions, this would save at least $200 billion over ten years, 1/6 of the Super Committee's debt reduction goal.