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IPFS News Link • Government Debt & Financing

Budget cuts may force Pentagon to cut armed forces – US top military chief


The cuts for the current year will come into effect on March 1 unless Congress and President Barack Obama reach agreement on an alternative plan to reduce federal deficits.

General Martin Dempsey, chairman of the Joint Chiefs of Staff, said about a third of the cuts would have to come from the armed forces, with the remaining two-thirds taken from spending on modernization, compensation and readiness.

Defense programs would be cut by about $45 billion in the seven months remaining in the fiscal year ending September 30.

The US army already began to shrink last year, downsizing toward 490,000 from around 570,000.

1 Comments in Response to

Comment by Jerry Alexander (10403)
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All according to plan.