From FOX News:Some overall budget figures are expected to be announced Monday.
The Obama administration has asked the military's Joint Chiefs of Staff to cut the Pentagon's budget request for the fiscal year 2010 by more than 10 percent -- about $55 billion -- a senior U.S. defense official tells FOX News.
Last year's defense budget was $512 billion. Service chiefs and planners will be spending the weekend "burning the midnight oil" looking at ways to cut the budget -- looking especially at weapons programs, the defense official said.
Some overall budget figures are expected to be announced Monday.
Read more ....
My Comment:These cuts are going to profoundly impact all the services and future weapons programs. SDI will be cut, if not eliminated. F-22 will be eliminated. F-35 scaled back. A carrier task force or two mothballed. Nuclear modernization eliminated.
The list will be long .... and its impact will be felt immediately.
In a world filled with dangers and aggressive powers, these moves come at a disheartening time. It is also no surprise that states like Iran are now openly talking about U.S. failure.