The Pentagon Is Taking a One-Year Break From Its Fiscal Fantasy
If you think the Defense Department is finally getting realistic about the deep budget cuts that simply won’t go away—think again.
If you think the Defense Department is finally getting realistic about the deep budget cuts that simply won’t go away—think again.
Defense Secretary Chuck Hagel’s decision to stop building the current class of coastal warships after 32 vessels and focus on ships with more firepower and protection will result in higher costs, U.S. defense officials said on Monday.
With Defense Secretary Chuck Hagel announcing Monday a historic downsizing of US ground forces, along with other cost-cutting measures, what does the move say about military priorities at the end of two long wars?
Cuts to annual cost-of-living adjustments in military retired pay are gone. Now comes the next fight.
The Obama administration is poised to scale back funding for the US military’s most elite forces, which spearheaded the fight against al-Qaida and embodied the Pentagon’s rapid post-9/11 budget growth.
The Pentagon’s overseas contingency operations account, which has been tacked onto the budget for years to fund the wars in Iraq and Afghanistan, could serve as a budget gimmick.