Monday, January 7, 2013

What's Next For The Pentagon Budget?

Uncertainty Grows Over Pentagon Budget -- Army Times

Fiscal cliff deal puts DoD budget front and center.

Permanently avoiding massive Pentagon budget cuts could prove difficult as Washington enters a fight over the nation’s borrowing limit, a coming political battle that will bring big federal spending cuts to the forefront.

The two-month delay to pending Pentagon spending cuts included in the last-minute fiscal cliff deal passed last week shows both U.S. political parties oppose the across-the-board cut to planned military spending through sequestration.

But it’s not that simple, as the two parties remain far apart on the details.

In fact, finding a mix of deficit-reduction components deemed politically appetizing to both could derail anti-sequestration efforts and trigger on March 1 the $500 billion, decade-long cut to projected Pentagon budgets.

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My Comment: Here is an easy prediction .... for the next few weeks the Hagel nomination and the Pentagon's defense budget are going to be the two top stories covered by U.S. military-defense reporters/pundits/and (yours truly) bloggers.

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