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Wed Feb 6, 2013, 11:41 AM

Panetta: Defense Budget Cuts Will Damage Economy [View all]

Source: Associated Press

By LOLITA C. BALDOR
Associated Press
Wednesday, Feb. 06, 2013

WASHINGTON Defense Secretary Leon Panetta is laying out a grim list of spending cuts the Pentagon will have to make in the coming weeks that he says will seriously damage the country's economy and degrade the military's ability to respond to a crisis.

He is slamming members of Congress as irresponsible and willing to push the country off a fiscal cliff to damage their opposing political parties.

He says if Congress doesn't pass a budget the Pentagon must absorb $46 billion in spending reductions in this fiscal year and will face a $35 billion shortfall in operating expenses.

Read more here: http://www.charlotteobserver.com/2013/02/06/3836997/panetta-defense-budget-cuts-will.html#storylink=cpy

Read more: http://www.charlotteobserver.com/2013/02/06/3836997/panetta-defense-budget-cuts-will.html

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Reply Panetta: Defense Budget Cuts Will Damage Economy [View all]
Purveyor Feb 2013 OP
Hard Assets Feb 2013 #1
DisgustipatedinCA Feb 2013 #2
Arctic Dave Feb 2013 #3
A Simple Game Feb 2013 #4
TwilightGardener Feb 2013 #20
TheCowsCameHome Feb 2013 #5
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gussmith Feb 2013 #16
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Purveyor Feb 2013 #26
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