A combination of budget cuts and escalating compensation costs will reduce the U.S. military’s fighting forces by at least 50 percent by 2021 and threaten national security, according to a report released Friday.
Secretary of Defense Leon Panetta will recommend to Congress that military salaries be limited to a 1 percent increase next year due to “budget uncertainties” related to sequestration.
Top military leaders warned Congress that if a defense budget agreement is not made then the nation’s military will face serious problems, according to the Associated Press.
Obama is trailing Romney by a large margin in a key swing state constituency, Politico has reported in an article titled, “Veterans Retreat from President Obama.”
House Armed Services Chairman Buck McKeon (R., Calif.) slammed President Barack Obama and Democratic Senate leaders for failing to take on the defense sequestration that will strip $500 billion from national defense.
Looming defense cuts will undoubtedly interrupt military supply chains and end up costing the government more money in the long run, according to one of the defense industry’s top executives.
Domestic agencies such as the departments of Health and Human Services and Energy would receive a larger share of research and development funding than the Department of Defense under President Obama’s proposed fiscal year 2013 budget, according to a Washington Free Beacon analysis.
A series of major cuts in military spending is gutting the defense industry, imperiling the country’s economy and weakening military preparedness for many years to come, defense contractors and military experts say.
Senate Republicans are accusing the Obama administration of proposing a slew of defense cuts that would leave the country unsafe and unprepared for a crisis.