‘Perfect Storm’ for Defense Is Here, For Real This Time -- Lawrence P. Farrell Jr., National Defense
There have been many warnings in recent years about a “perfect storm” threatening U.S. defense spending. These dire predictions so far have not been taken seriously as military budgets doubled during the past decade.
But the storm is coming, and now it’s time to brace for a big one.
A confluence of processes and events is creating the conditions for a severe fiscal crisis that will affect all aspects of the nation’s finances, and the impact on defense will be more acute as the U.S. military continues to fight costly wars.
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More News On Defense Budgets And Upcoming Defense Budget Cuts
Pentagon warns Congress: accounts running dry -- Reuters
Drastic cuts outlined in think-tank report -- Marine Times
Five Key Questions About the Defense Budget -- National Defense
The Pentagon’s Approaching Budget Crunch -- Faster Times
Pressure Builds to Cut Defense Spending -- Wall Street Journal
Defense Officials Anticipate Drop In Military Spending -- NPR
Weapons Budget Grows Amid Obama Cuts, Pentagon Comptroller Says -- Bloomberg Businessweek
Pentagon weapon spending to grow at a faster rate than the overall DOD budget through 2016 -- Military @ Aerospace
Aerospace group warns of job cuts if Congress fails to approve war bill -- The Hill
Northrop Closure Signals More Defense Spending Trends Ahead -- 24/7Wallst.com
Military benefits target in cost-cutting talks -- Army Times
Gates Bangs Drum for Wartime Funds -- Wall Street Journal
Gates pleads for war supplemental ... again -- Stars and Stripes
US defense chief presses Senate on Afghan war funds -- AFP
Why a tightened defense budget would improve national security -- Christian Science Monitor
Pentagon Suffers Death by a Trillion Cuts -- Motley Fool
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