Wednesday, December 11, 2013

Budget Gloom And Doom At The Pentagon

The Pentagon doesn’t have the same luxury that it did in fiscal year 2013. Reuters

Year 2 Of Sequestration: Gloom Looming -- Politico

Budget negotiators have a big reason to strike a deal this week: averting the pain from a second year of sequestration, which could make the first 12 months of spending reductions seem mild in comparison.

The looming cuts promise to hurt military troop readiness and limit FBI agents who keep tabs on terrorists, gangs and white-collar criminals. It’s not a pretty picture either for cash-strapped scientists already hamstrung tracking deadly diseases and educators who this year had to turn down more than 50,000 preschoolers.

Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.) don’t exactly have a sword of Damocles hanging over their heads if they fail to reach agreement by their Friday deadline. But the leaders of their chambers’ respective budget committees still have ample reason to act — and act now.

Read more ....

My Comment: The Pentagon's budget planners do not what to do .... from what I am reading they are essentially in a state of panic.

Update: A compromise has just been reached .... there is going to be some budget relief for the Pentagon.

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