Friday, July 1, 2011

Getting Ready For Bigger U.S. Defense Budget Cuts

FIRST DAY - Marine Corps Lt. Gen. John Kelly, the secretary’s senior military advisor, greets Defense Secretary-designate Leon E. Panetta as he arrives at the Pentagon, July 1, 2011. DOD photo by Jim Garamone

Pentagon Costs Rising Fast, CBO Warns -- Washington Post

The Congressional Budget Office on Thursday projected that higher costs for weapons systems and health care will increase the Pentagon budget by $40 billion over the next five years at a time when President Obama and many lawmakers are looking to cut military spending.

The new projection, of $594 billion in spending for 2016, is $25 billion higher than the Pentagon’s estimates.

Read more ....

My Comment: The common line is that the Defense budget will not be cut drastically .... but everyone knows that this is what will be happening.

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