CSBA in the News

The prospect of budget cuts complicate a central dilemma for the Air Force: Its fleet is wearing out and replacement aircraft are proving more expensive than expected.

Will the Pentagon’s most expensive weapons program ever live up to its cost? CNN’s Barbara Starr interviews Andrew Krepinevich.

In an Aug. 17 memo, Jacob Lew, director of the Office of Management and Budget (OMB), asked federal agencies for 2013 spending plans based on two scenarios: a 5 percent cut and a 10 percent cut from the 2011 enacted discretionary level.

The U.S. Defense Department could be facing up to $99 billion in cuts for the fiscal year 2013 and the department needs a contingency plan, says Todd Harrison of the Center for Strategic and Budgetary Assessments

Last month, officials from the Defense Business Board outlined their plan for changing the way military retirees are paid, abandoning the 20-year service target in favor of a 401(k) style plan.

This summer, despite America’s continuing financial crisis, the Pentagon is effectively considering trading two military quagmires for the possibility of a third. Reducing its commitments in Iraq and Afghanistan as it refocuses on Asia, Washington is not so much withdrawing forces from the Persian Gulf as it is redeploying them for a prospective war with its largest creditor, China.