Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, speaks during the armed forces farewell tribute to honor Defense Secretary Leon E. Panetta on Joint Base Myer-Henderson Hall, Va., Feb. 8, 2013. Panetta is stepping down as the 23rd defense secretary. DOD photo by Erin A. Kirk-Cuomo
Tight Budget May Force Pentagon To Cut Forces: General -- Reuters
(Reuters) - The Pentagon will have to cut the size of U.S. military forces for the second time in as many years if across-the-board spending reductions of $470 billion over 10 years take effect March 1, the top U.S. military officer said on Saturday.
General Martin Dempsey, chairman of the Joint Chiefs of Staff, said about a third of the cuts would have to come from forces, with the remaining two-thirds taken from spending on modernization, compensation and readiness.
He noted that the Army had begun to shrink last year toward 490,000 from a high of 570,000, a result of efforts to trim $487 billion over 10 years as required by the Budget Control Act of 2011.
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