Defense Secretary Leon E. Panetta, right, and Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff, testify before the Senate Budget Committee on the President's FY 2013 budget request in Washington, D.C., Feb. 28, 2012. DOD photo by Glenn FawcettPanetta: 'Nutty Formula' To Cut Defense Spending Is Too Devastating To Even Plan -- FOX News
Cutting the Pentagon budget to meet a "nutty formula" produced by Congress to reduce the deficit is not just "goofy," it will decimate the Defense Department, Defense Secretary Leon Panetta said Tuesday at a Senate hearing to review the 2013 fiscal year budget request.
Panetta told members of the Senate Budget Committee he hopes they will put a stop to the looming sequestration process, a law Congress put in place last summer that will trigger $600 billion in across-the-board cuts for the Defense Department over 10 years beginning in 2013, bringing total Pentagon cuts to more than $1 trillion.
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More News On US Sec. Of Defense Panetta's Testimony Before The Senate Budget Committee
Panetta warns against deeper defense cuts -- UPI
Panetta: Don’t balance budget ‘on the back’ of the military -- Washington Times
Senators Clash Over Idea of More Pentagon Cuts -- Military.com/AP
Panetta Urges Congress to Put All Federal Spending on Table -- US Department of Defense
U.S. States Seek to Contain Harm as Pentagon Plans Defense Cuts -- Bloomberg Buisnessweek
Panetta to Congress: Don’t balance budget with added cuts to defense -- The Hill
Senator: Little Chance of Reversing DoD Budget Cuts -- Defense News