Debt Limits, Congress In Turmoil, Impact On The US Defense Budget

Military Spending In Crosshairs -- Politico

Bolstered by warnings from top military officers about potentially dire national security consequences, some members of Congress are pushing back against the prospect that deep defense spending cuts will be part of a plan to reduce the nation’s burgeoning deficit.

Leadership-backed plans in the Senate and House would impose 10-year caps on discretionary spending, saving $1.2 trillion. Most of that would come from the Pentagon, since it accounts for slightly more than half of discretionary spending and is projected to take a greater share in the future.

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More News On The Upcoming Defense Cuts

Grappling with debt, lawmakers envision deep reductions in future defense spending -- Washington Post
Struggling with debt, Congress talks defense cuts -- AJC/AP
Struggling with debt, Congress talks defense cuts -- CBS/AP
McCain to Navy: Get Shipshape or Face Severe Cuts -- Military.com
Navy would part with fleet, not sailors, if budget cuts are ordered -- The Hill
Military officials launch counterattack amid talk of big defense budget cuts -- The Hill
Defense contractors 2Q results highlight cuts -- MSNBC
Defense contractor sales miss Wall Street view -- Reuters
Defense Contractors Feel Pressure of Military Cuts -- Wall Street Journal
Pentagon’s Debt Ceiling Plan M.I.A.-- The Danger Room
Tightening the Pentagon's Belt (Interview) -- Council On Foreign Relations
Defense Cuts? Don't Believe it Until you See Them -- Alertnet
An effective, affordable uncommon defense -- Harlan Ullman, UPI
The real danger in Washington: defense cuts -- Dov Zakheim, Shadow Government/Foreign Policy

My Comment: Bottom line .... this commentary sums it all up.