1. Debt Ceiling Bill Could Mean Drastic Reductions in Military Spending
The military budget will see only modest cuts in 2012 with the spending capped at $684 billion, compared with $689 billion in 2011. ... "There is no scenario in the second phase of this proposal that does not turn a debt crisis into a national security crisis," McKeon argued, refusing to accept anything over the initial $350 billion cut. ... Other proposals have the Pentagon cutting as much as $800 billion over the next ten years (Bumiller). ...
- Word Count: 792
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate