December 27, 2011

WE HAVE NOT YET BEGUN TO CUT:

$1 Trillion in Defense Cuts? Big Deal. (DANIELLE KURTZLEBEN, December 21, 2011, US News)

 Numbers released by from the Stimson Center, a Washington, D.C.-based think tank that researches global security issues, shows how so-called "builddowns" in spending from recent conflicts do not compare to reductions associated with previous wars.

The figures include the roughly $450 billion in defense spending cuts associated with this year's budget legislation, but do not reflect the additional $600 billion associated with sequestration. Still, by this measure, sequestration cuts would not put defense spending in lean territory.




The shallow trajectory associated with the current builddown is an indication that Panetta's fears are overblown, says Gordon Adams, a professor at the School of International Service at American University and a distinguished fellow at the Stimson Center.

"You get some version of this every time you get a builddown," says Adams, who oversaw defense budget planning in the Bill Clinton White House. "For me all the hairpulling and rending of garments is a bit excessive, given the slope that we're on."
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Posted by at December 27, 2011 6:50 AM
  

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