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Defense Secretary Leon Panetta unveiled a plan Thursday that would cut nearly a half-trillion dollars from the defense budget over the next decade by retiring older planes and ships, delaying some projects and shrinking U.S. ground forces by about 100,000.
The defense spending plan is scheduled to be submitted to Congress as part of the administration's full 2013 budget on Feb. 13.
The Pentagon took the first major step toward shrinking after a decade of war as it announced on Thursday that it wanted to limit pay raises for troops, increase health insurance fees for military retirees and close bases in the United States.
Originally posted by YouAreLiedTo
It's about damned time.
Now granted, this won't ever get approved...
But it's nice to know that it is being talked about.
People, call your local and state reps. Tell them how you feel about this.
Let them know that a decade of war is enough. Time to reign in the war machine and focus on DEFENSE... not aggression...
Panetta announced that the administration will request a 2013 budget of $525 billion, plus another $88 billion for operations in Afghanistan. Combined, those totals are about $33 billion less than the Pentagon is spending this year. Panetta said, however, that the Pentagon's base budget will grow to $567 billion in 2017. At that point, the cumulative budgets over five years would be $259 billion less than had been planned before the administration struck a deficit-cutting deal with Congress last summer that requires projected defense spending to be reduced by $487 billion by 2022.