FIRST DAY - Marine Corps Lt. Gen. John Kelly, the secretary’s senior military advisor, greets Defense Secretary-designate Leon E. Panetta as he arrives at the Pentagon, July 1, 2011. DOD photo by Jim Garamone
Pentagon Costs Rising Fast, CBO Warns -- Washington Post
The Congressional Budget Office on Thursday projected that higher costs for weapons systems and health care will increase the Pentagon budget by $40 billion over the next five years at a time when President Obama and many lawmakers are looking to cut military spending.
The new projection, of $594 billion in spending for 2016, is $25 billion higher than the Pentagon’s estimates.
Read more ....
My Comment: The common line is that the Defense budget will not be cut drastically .... but everyone knows that this is what will be happening.