GCIS INTELLIGENCE BRIEFING: Obama's Pentagon cuts not what they seem

ISSUED BY: GCIS Communications Command Center

SOURCE: CNN Money

11February2011 8:22amEST

GCIS INTELLIGENCE UPDATE: For those of us who believe the U.S. government is spending more on defense than it needs to, President Obama's budget on Monday will bring what sounds like welcome news: The administration is expected to propose a $78 billion reduction in defense spending over the next five years.

Unfortunately, there's a lot more to the story.

First of all, the cuts might prove illusory. The federal government appropriates money one year at a time, and the vast majority of that $78 billion reduction would take place in 2014 and 2015, when there will be a new Secretary of Defense and possibly a new president.

In fact, Obama's expected 2012 request of $553 billion would be 5% higher than what the Defense Department plans to spend this year. In inflation-adjusted dollars, this figure is higher than at any time during the Bush years or during the Cold War. (read full report)

 

 

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