The Story, from The Hill (8/7/11)
Report calls on Pentagon to prepare for possible debt-deal spending cuts
The debt-ceiling legislation signed into law on Tuesday contains no firm figure for how deeply Pentagon and national security agency budgets will shrink over the next decade. But the White House and senior Democratic lawmakers say it’ll be $350 billion.
If a yet-to-be-formed “super committee” of House and Senate members fails to come up with a deficit-reduction plan by late November, the debt-ceiling law requires massive cuts to several troughs of federal spending — including national security agencies. Those cuts could total up to an additional $500 billion over a decade.
So what programs are essential? What initiatives can afford to be cut? How can Congress meet the mandated reductions without hallowing the military at a time of such precarious national security and overseas operations? Discuss below: