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In reply to the discussion: Nth dimentional chess, poker or whatever I don't give a f*** That is NOT the point [View all]OldDem2012
(3,526 posts)From January 5, 2012....
Obama announces Pentagon budget cuts
The new military strategy includes $487 billion in cuts over the next decade. An additional $500 billion in cuts could be coming if Congress follows through on plans for deeper reductions. The announcement comes weeks after the U.S. officially ended the Iraq War and after a decade of increased defense spending in the aftermath of the Sept. 11, 2001, attacks on the United States.
...and let's not forget the looming effects of the fiscal cliff on the Defense Department:
http://money.cnn.com/2012/10/23/news/economy/obama-romney-foreign-policy/index.html
Starting in 2013, defense budget authority would be sliced by 9.4%, not including war funding. The cuts to some parts of defense would be higher because Obama has exempted military personnel and veterans' affairs from the sequester.
In dollars, the Congressional Budget Office projects that the Pentagon's base budget will fall to $491 billion in 2013, down from $554 billion in 2012. Thereafter, defense spending will grow with inflation. That would save roughly $500 billion over a decade.
And again, as many other besides myself have stated, the Chained-CPI deal was offered to make the President look like the adult in the house knowing full well that the GOP Tea-Nazis would NEVER accept any deal that also included an elimination of the massive tax cuts for the wealthy.