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16 November 2011

How Deep Will the Cuts Go?

Secretary Panetta is coming out swinging.

The number of U.S. ground forces would drop to levels not seen since 1940, the Navy would drop to the smallest number of ships since 1915 and the Air Force would be the smallest ever, Defense Secretary Leon Panetta said in warning Congress of the dire implications of deeper defense cuts.
The Pentagon chief on Monday offered a litany of drastic steps triggered by the automatic, across-the-board cuts if Congress' supercommittee fails to come up with a $1.2 trillion deficit-cutting plan by Nov. 23. If the panel stumbles, the Pentagon faces some $500 billion in reductions in projected spending over 10 years — on top of the $450 billion already under way.


By: Brant

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