(Washington Post) Pentagon budget set to shrink next year

Posted by Kendall Harmon

The Pentagon budget will actually shrink next year, for the first time since 1998, under a proposal released by the Obama administration that will cut the size of the Army and Marine Corps, trim the number of fighter aircraft and ships, and seek congressional approval for another round of military base closures.

The cuts are part of a broader effort by the Pentagon to decrease its projected spending by $487 billion over the next 10 years, in accordance with a deficit-reduction deal President Obama reached with Congress in August.

The budget is also an attempt to realign the Pentagon’s accounts with Obama’s new military strategy, which he unveiled this month and which seeks to “rebalance” the armed forces toward Asia while maintaining their presence in the Middle East, principally to deter Iran.

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Filed under: * Culture-WatchGlobalization* Economics, PoliticsDefense, National Security, MilitaryEconomyThe U.S. GovernmentBudgetThe National DeficitForeign RelationsPolitics in GeneralHouse of RepresentativesOffice of the PresidentSenate

Posted January 27, 2012 at 6:15 am [Printer Friendly] [Print w/ comments]
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