IPFS News Link • Government Debt & Financing
'Fiddling While the Pentagon Burns'
• weeklystandard.comObviously, it is a plus. But as yesterday’s press conferencewith Defense Secretary Chuck Hagel and Chairman of the Joint Chiefs Martin Dempsey made clear, it’s essentially a Band-Aid for what amounts to a bleeding artery. The Pentagon must still cut $41 billion this year from its budget; it remains over $20 billion short on readiness and operational funds; it is facing a shortfall of some $7 billion in monies needed for the drawdown in Afghanistan; and it has already used up 80% of its operating funds for the year with six months still to go.




