$500 billion in easy defense cuts

By tovarichpeter   follow   Sat, 2 Feb 2013, 12:00am PST   ↑ Like   ↓ Dislike   152 views   0 comments   Watch (0)   Share   Quote  

http://money.cnn.com/2013/02/01/news/economy/defense-cuts-sequestration/index.html

Every item in the defense budget except for military personnel accounts will have to be cut by the same percentage. That is no way to run a school board, let alone the world's largest organization and greatest military power. Moreover, by the time sequestration would take effect, in March, the fiscal year will already be half over. Therefore, cuts in every defense budget item in the FY 2013 budget will have to be twice as drastic to get the roughly $50 billion in cuts in the remaining months of the fiscal year.

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