Easy access to all the Government news updates

Subscribe and receive personalized news articles straight in your inbox

*By clicking "Join us now" you agree to receive emails, promotions and general messages from ExecutiveGov. In addition, you also agree to ExecutiveGov's Privacy Policy and Terms & Conditions.

x
/

Todd Harrison: Defense Spending Drop Could Total $1T over 10 Years

1 min read

BudgetTodd Harrison, senior fellow at the Center for Strategic and Budgetary Assessments, has projected the defense spending drop to reach $1 trillion over 10 years if sequestration stays in place, Government Executive reported Thursday.

He estimated the gap between the military’s budget and its long-term requirements based on the Pentagon’s 2012 guidance to be between $200 billion to $300 billion, Charles Clark reports.

Harrison told reporters at a breakfast meeting that the Pentagon must propose “budgets that are fully resourced and show us the gap, or it should adjust the strategy to fit the budget, despite the threat environment,” according to the report.

He said Congress is unlikely to approve President Barack Obama’s $560 billion base budget proposal for the fiscal year 2015, the report says.

“Congress should raise the caps or at least allow the department some flexibility,” he told reporters.

Harrison also said procurement is facing the most risk of all the defense budget components, Clark reports.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about DoD

Leave a Reply

Your email address will not be published.