Obama vows to allow America becoming a second-rate military power
With the failure of the Joint Select Committee on Deficit Reduction, popularly known the Congressional "Super Committee," to agree on $1.5 trillion in spending cuts over the next ten years, automatic triggers for spending cuts are now in effect.
Embedded in the $1.2 trillion in automatic cuts is a scheduled $500 billion to be slashed from the US Armed Forces.
The Department of Defense is already slated to have $465 billion cut within the next ten years, totaling almost $1 trillion cut from the military.
Read more...
With the failure of the Joint Select Committee on Deficit Reduction, popularly known the Congressional "Super Committee," to agree on $1.5 trillion in spending cuts over the next ten years, automatic triggers for spending cuts are now in effect.
Embedded in the $1.2 trillion in automatic cuts is a scheduled $500 billion to be slashed from the US Armed Forces.
The Department of Defense is already slated to have $465 billion cut within the next ten years, totaling almost $1 trillion cut from the military.
Read more...
posted by Vir Speluncae Catholicus at
8:42 PM
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