Sen. Tom Coburn Is Proposing $1 Trillion In Cuts To Defense

Debt Ceiling Deal Likely To Mean Larger Defense Cuts -- American Society Of Military Controllers

In February, President Obama proposed a $78 billion cut and $100 billion savings in the FY2012-16 DoD budget in an effort to shield defense from additional cuts some were proposing in overall deficit reduction plans. Two months later, the president proposed a $4 trillion deficit reduction plan that included another $400 billion in defense cuts through 2023. These additional defense cuts were in response to pressure to include significant defense cuts in any deficit reduction plan.

Now, it seems that even this almost $500 billion reduction in defense budgets proposed by the administration will not be enough to satisfy the budget cutters. The effort to build a firewall against further defense cuts appears to have failed.

Read more .....

My Comment: $1 Trillion in defense cuts over 12 years. Yeah right .... but if America's budget crisis is not resolved .... $1 trillion in cuts may be perceived as a minimal number as our IOUs become due.