U.S. Secretary of Defense Leon Panetta admitted Tuesday that President Obama’s "huge deficits" and "huge debts" are national security threats. In remarks before the Senate Armed Services Committee Tuesday, Panetta said, "I think, in weighing how you address this issue, you've also got to take into consideration the national security threat that comes from the huge deficits and the huge debt that we're running. We’re running a debt now that is comparable to our GDP."
NBC Politics reports that new defense cuts proposed by President Obama and U.S. Defense Secretary Leon Panetta will have a damaging affect on at least one sector of U.S. industry:
Smaller defense budgets proposed by Obama and Defense Secretary Leon Panetta will cancel some made-in-America ships, airplanes and unmanned aerial vehicles and slow down the purchase of others.
The Obama budget also threatens to shut manufacturing and repair facilities, such as the 212-year old Portsmouth Naval Shipyard, which sits on an island between Maine and New Hampshire.