"To hear Pentagon officials tell the story, the recent agreement to deal with the federal debt by cutting military spending is a potentially catastrophic threat to U.S. security. But if you read between the lines, it doesn’t look so bad after all.
Since the Obama administration and Congress hammered out a last-minute compromise to keep Uncle Sam from defaulting on his obligations, the story about the Department of Defense has centered on the $350 billion reduction in its budget over the next dozen years or so.
However, back in April President Barack Obama had proposed cutting the Defense budget by $400 billion, so the Pentagon actually gained at least $50 billion in the deal"..........READ MORE
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