DOD to plan for possible deep spending cuts

Defense Secretary Leon Panetta told a House committee that the Defense Department would start planning this summer for potential automatic spending cuts from a budget crisis if Congress doesn't act, Defense News reports.

If Congress fails to raise $1.2 trillion, automatic spending cuts would start in January 2013, including an additional $500 billion cut automatically from DOD, the article noted.

Panetta said DOD was not doing any planning now for additional defense cuts, with the hopes that Congress would work out a larger deficit-reduction plan that would replace a so-called "sequester" of money, the story said.

"There is not a hell of a lot of planning I can do,” because sequestration would make automatic and equally distributed cuts across DOD accounts, using a “meat-axe” approach, he said at a House Budget Committee hearing, the story said.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Your Name:(optional)
Your Email:(optional)
Your Location:(optional)
Please type the letters/numbers you see above