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Pentagon Gets Attention, but Planned Cuts Range Far and Wide

The New York Times

Thursday, June 21, 2012

It is no secret here that come January, barring Congressional action, huge spending cuts will hit the Pentagon. Congressional Republicans, President Obama’s secretary of defense and military contractors have taken pains to denounce the planned reductions, which were scheduled as part of the resolution to the debt-ceiling crisis of last year.

A recent report prepared by the Bipartisan Policy Center found that the sequester cuts in total could reduce the gross domestic product in the United States by roughly half a percentage point in 2013.

2012-06-21 00:00:00
The New York Times