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Misspent Defense: Funding Last Century’s Wars

Whom the military is defending 20 years after the end of the Cold War is a separate question, and not one answered by Panetta or the Obama administration’s rhetorical blasts against the next round of budget cuts – the so-called sequestration that is set for next January. “Sequestration would be a doubling of the cuts,” Panetta warned last month. “That would require they take place through a meat axe approach that would hollow out the force and do severe damage to our national defense for generations.”

In the News

CSBA: Pentagon Must Plan for More Cuts

As the Pentagon prepares to unveil its fiscal year 2013 budget request next week, the sequestration beast is back in the news again.

In the News

Budget Gurus Look at What Is in Store for Pentagon

As we barrel headlong toward Monday’s U.S. budget announcement, which will give some guidance as to how the Pentagon plans on achieving $487 billion in budget cuts over the next 10 years (and almost a trillion dollars if sequestration goes into effect), the friendly folks at the Center for Strategic and Budgetary Assessments(CSBA) have given us some perspective (PDF) on how that all stacks up, historically.

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2013 Defense Budget Military Pay and Benefits Changes

When Defense Secretary Leon Panetta publicly outlined the 2013 defense budget proposal on Jan. 26, 2012, he revealed a topline Pentagon request – a $525 base budget – lower than last year’s request of $531 billion, but higher than the $518 billion appropriated by Congress for FY 2012. The 2013 request for overseas contingency operations, mostly in Afghanistan, is $88.4 billion, significantly lower than the FY 2012 appropriation of $115 billion; this is mostly due to the Iraq drawdown/.../