Only one issue is on the minds of defense leaders and industry executives these days: Looming budget cuts. But widespread panic over the coming spending reductions — known as sequestration — could be turned into an opportunity to tackle the obvious fat in the Pentagon’s budget, analysts suggest/.../
Budget experts in recent years have cast doubts on projected "efficiencies" that defense officials promise but never materialize.
“Efficiencies historically have yielded only a small fraction of the projected savings,” Andrew Krepinevich, president of the Center for Strategic and Budgetary Assessments, told reporters. CSBA budget analyst Todd Harrison has said he tends to be suspicious of business reforms that promise big savings.