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Keyword: defensespending

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  • Lockheed: Marine Joint Strike Fighter on Final Approach to Initial Operational Capability

    06/26/2014 10:21:04 AM PDT · by robowombat · 7 replies
    USNI News ^ | June 10, 2014 6:26 PM | Dave Majumdar
    Lockheed: Marine Joint Strike Fighter on Final Approach to Initial Operational Capability By: Dave Majumdar Published: June 10, 2014 6:25 PM Updated: June 10, 2014 6:26 PM A Marine F-35B joint strike fighter lifts off from the runway during the first short take-off and vertical landing mission at Eglin Air Force Base, Fla. on Oct. 25 2013. US Marine Corps Photo A Marine F-35B joint strike fighter lifts off from the runway during the first short take-off and vertical landing mission at Eglin Air Force Base, Fla. on Oct. 25 2013. US Marine Corps Photo Lockheed Martin has begun testing...
  • Chesapeake contractor gets prison for scheme [Navy sealift command contractor -- bribery]

    06/24/2014 2:46:07 AM PDT · by markomalley · 7 replies
    Norfolk Virginian Pilot ^ | 6/24/2014 | Tim McGlone
    As head of a Chesapeake defense contracting firm, Roderic Smith thought he had to "pay to play." He thought bribery was all part of the government contracting game. "The pattern and amounts of payments were very formulaic and routine," his lawyers said in a court filing. The scheme "was a scheduled system to provide continuous access to compete and win contracts." Smith would learn that this was not routine, but when he tried to get out, he was extorted by a co-defendant to stay in. It went on for more than eight years before federal authorities stopped it. Smith, 50,...
  • A-10 backers win House vote to save plane

    06/20/2014 7:39:41 AM PDT · by SandRat · 33 replies
    Arizona Daily Star ^ | David Wichner Arizona Daily Star
    The U.S. House on Thursday overwhelmingly adopted an amendment to the 2015 defense appropriation bill that would prohibit the Pentagon from spending any money to retire the A-10 Thunderbolt II jet — a mainstay of Davis-Monthan Air Force Base. But the fate of the venerated “Warthog” close-air-support jet remains far from certain, as the Senate still must act, and the issue will likely be hammered out in conference committee. The amendment’s bipartisan adoption was a victory for Rep. Ron Barber, a Tucson Democrat, and other A-10 supporters, who were chagrined when the House Appropriations Committee left A-10 funding out of...
  • Libertarians Versus Conservatives

    06/11/2014 6:23:54 AM PDT · by Kaslin · 206 replies
    Townhall.com ^ | June 11, 2014 | John Stossel
    Both libertarians and conservatives want to keep America safe. We differ on how best to do that. Most libertarians believe our attempts to create or support democracy around the world have made us new enemies, and done harm as well as good. We want less military spending. Some conservatives respond to that by calling us isolationists, but we're not. I want to participate in the world; I just don't want to run it. I'm glad Americans trade with other countries -- trade both goods and people. It's great we sell foreigners our music, movies, ideas, etc. And through dealing...
  • DOD Is Stuck with a Flawed $1.5 Trillion Fighter Jet

    04/02/2014 9:21:58 AM PDT · by Blood of Tyrants · 81 replies
    The Fiscal Times ^ | 2/18/2014 | David Francis
    On CBSs 60 Minutes on Sunday night, national security correspondent David Martin chronicled the seemingly never-ending list of problems with the Pentagons next-generation F-35 fight jet, from cost overruns of $160 billion to technical problems that have plagued the planes development. When asked if the F-35 program, which is expected to cost some $1.5 trillion over the four-decade life of the program, is now under control, the Pentagons acquisition chief, Frank Kendall, said, "Yes, it is." But that commitment came with a warning. Long gone is the time when we're going to pay for mistake after mistake after mistake," said...
  • US Navy funds two more vessels from Austal

    03/11/2014 1:56:30 PM PDT · by naturalman1975 · 7 replies
    news.com.au ^ | 11th March 2014
    SHIPBUILDER Austal has received funding to build two more vessels for the US Navy, taking the value of its current order book to record levels. The company has received funds to build vessels seven and eight under a $US3.5 billion contract it has with the US Navy to construct 10 Littoral Combat Ships.
  • Its the War, You Dolt

    03/03/2014 6:43:03 AM PST · by rktman · 19 replies
    PJMedia.com ^ | 3/2/2014 | Michael Ledeen
    No surprise that the intel guys, like their political bosses, reassured themselves that Russia wouldnt invade. Even though they made the same mistake just a few years ago when the morsel was Georgia. Indeed, that kind of error, revolving around the phrase rational actor, is the trademark of Western confusion about the world. They refuse to see that our enemies are waging war against us, thus refuse to think about winning that war, thus lose many battles, and happily retreat. After all, if our enemies are rational actors, what could go wrong? We could even slash and burn our own...
  • Ukraine, Syria, Iran -- America isn't leading from behind, it's being left behind

    03/01/2014 3:53:36 PM PST · by Innovative · 14 replies
    FoxNews ^ | Feb 28, 2014 | K T McFarland
    Russia, flush with new-found wealth from oil exports, expands its military reach and political influence abroad. A war-weary America slashes defense spending and retreats from the world. The president embarks on a massive government-subsidized program to develop alternative energy to replace fossil fuels. Pundits cluck about America in retreat, and point to the rise of an Asian economic superpower. Thats the world circa 1976, but it sounds like quotes ripped from todays headlines. History has a way of repeating itself, or to quote the great Yogi Bera, its dj vu all over again. The Obama administration is looking a lot...
  • GOP Governors Accuse Obama of Politically Motivated National Guard Cuts

    02/25/2014 1:00:37 PM PST · by Brad from Tennessee · 35 replies
    TIME ^ | February 24, 2014 | By Zeke J. Miller
    Republican governors are accusing President Barack Obama of making politically motivated cuts to their states National Guard funding. Speaking to reporters after a meeting between the President and the National Governors Association, the GOP governors said they were deeply troubled by Obamas tone when asked about planned cuts to the National Guard. South Carolina Governor Nikki Haley said Obama became aggressive and that his tone chilled the room quite a bit. He basically said, Many people in this room have asked for cuts, and now you getting em, Haley said at a news conference across from the White House at...
  • Obama Consciously Engineering Americas Decline

    02/25/2014 12:41:11 PM PST · by 2ndDivisionVet · 36 replies
    Commentary Magazine ^ | February 24, 2014 | Peter Wehner
    In remarks today, Secretary of Defense Chuck Hagel said U.S. global military dominance can no longer be taken for granted. He said this even as he was in the process of announcing that the Obama administration plans to shrink the United States Army to its smallest force since before the World War II buildup. (For context, the Army will go from a post-September 11 peak of 570,000 to between 440,000 and 450,000, the smallest Army since 1940.) Max Boot does an excellent job laying out the problems with this proposal here and here. Id simply add that the fact that...
  • Sec Hagel - Live Thread

    02/24/2014 10:24:37 AM PST · by LeoWindhorse · 42 replies
    Fox News ^ | Feb. 24 , 2014 | Chuckie Hagel
    Hagel holds press briefing to discuss defense budget
  • Super Hornet fights for survival

    02/20/2014 12:16:52 PM PST · by sukhoi-30mki · 10 replies
    Flight Global Blogs ^ | 19 February, 2014 | Craig Hoyle
    Rejections by India and more recently Brazil combined with the looming end to a multi-year procurement deal for the US Navy mean that the pressure is mounting on Boeing to secure extra orders for its versatile Super Hornet. As things stand, the last F/A-18E/F or EA-18G Growler will roll off the line in St Louis, Missouri before the end of 2016, with the USN and Royal Australian Air Force the buyers so far. As you can read in my colleague Jon Hemmerdingers report on the situation, thats not a major problem for the manufacturer for now, but Washington...
  • The Navy Is Already Working On A Submarine That Won't Be Ready Until 2030

    02/04/2014 6:53:21 PM PST · by blam · 30 replies
    BI- Military.ComY ^ | 2-4-2014 | Kris Osborn
    The Navy Is Already Working On A Submarine That Won't Be Ready Until 2030 Kris Osborn, Military.com Feb. 4, 2014, 8:54 PM QUONSET POINT, R.I. -- Over the next several years, General Dynamics Electric Boat plans to add several new buildings to its facility here, double its workforce, and invest about $150 million -- all as preparation for the construction of the Navy's next-generation nuclear-armed submarine. Early prototyping is already under way at Electric Boat for the Ohio Replacement Program (ORP), a high-tech, 560-foot long, nuclear-powered submarine. Navy leaders have announced plans to build 12 ORPs, with the first one...
  • Paul Ryan Defends Military Pension Cuts as Lawmakers Push Repeal(He keeps digging a deeper hole)

    01/02/2014 2:18:01 PM PST · by bestintxas · 63 replies
    breitbart ^ | 1/2/14 | a hawkins
    As various lawmakers push to repeal cuts to military pensions, Representative Paul Ryan (D-WI) continues to defend. the cuts. House leadership indicates no plans to take up any repeal. On December 27, Breitbart News reported that lawmakers from both parties had introduced legislation repealing Ryan's military pension cuts in part or in whole. But according to The Hill, there has been little progress toward reversing the cuts once Congress reconvenes in January. If the majority of leadership shares Ryan's position, the push to reverse is moot because Ryan has made clear he sees "no choice between responsible reforms of military...
  • Fixing the Ryan-Murray Budget Deal (by Rep John Culberson R-TX)

    12/22/2013 6:21:52 PM PST · by SkyPilot · 41 replies
    Texas GOP Vote ^ | 22 Dec 13 | Rep John Culberson
    Last week the House passed the Ryan-Murray budget deal that inadvertently changed the benefits for service members who retired due to a disability or a service-related injury. This is not acceptable and was not the intention of either Chairman Ryan or Chairwoman Murray. I do not support changing the retirement benefits for disabled veterans, and today, I introduced a bill with House Veterans Affairs Chairman Jeff Miller (FL-01) that will ensure this COLA reduction does not impact service members who retired because of disability or a service-related injury. The bill I introduced will exempt: - All veterans who medically...
  • End looms for US Air Force's 'Warthog' ground-attack jet

    12/12/2013 3:48:56 PM PST · by DemforBush · 84 replies
    AFP ^ | 12/12/13 | Mathieu Rabechault
    Washington (AFP) - Long disliked by the US Air Force, the A-10 Thunderbolt II ground-attack jet may finally be heading for the chopping block due to budget constraints...
  • Fanning: Air Force Having Trouble Keeping Pilots, and Pay Isnt the Problem

    11/16/2013 9:13:16 AM PST · by Sequoyah101 · 55 replies
    Defense One ^ | 11-14-2013 | Tom Shoop
    The Air Force is offering big bonuses to keep its pilots in the service, but theyre not taking them because budget constraints are forcing the service to limit both current flying hours and opportunities to fly the next generation of aircraft,...
  • In reversal, Obama says he will boost US military support in Iraq

    11/02/2013 1:39:51 PM PDT · by Jet Jaguar · 60 replies
    Stars and Stripes ^ | Nov 2, 2013 | By Paul Richter
    <p>Facing a deadly resurgence of al-Qaida in Iraq, President Barack Obama signaled Friday that he will begin increasing U.S. military support for Baghdad after five years of reducing it.</p> <p>The new U.S. plan represents a remarkable shift for Obama, whose administration trumpeted the 2011 withdrawal of the last U.S. troops from Iraq as a major achievement and has since shifted its attention to other regional challenges, such as Syria, Egypt and the Israeli-Palestinian conflict.</p>
  • Boeing, Lockheed team up for new US Air Force bomber

    10/25/2013 5:27:29 PM PDT · by Java4Jay · 15 replies
    The air force has two programs, the B-1 and the B-2, aimed at replacing the aging B-52s but they were wracked with heavy cost overruns. The air force only bought 20 of Northrop Grumman's B-2s, the newest long-range bomber in its fleet.
  • New Air Force cargo planes fly straight into mothballs

    10/07/2013 12:18:03 PM PDT · by ColdOne · 58 replies
    foxnews.com ^ | 10/7/13 | daytondailynews
    There's nothing wrong with the C-27J, it's just that the Pentagon doesn't want it given budget constraints. The Pentagon is sending $50 million cargo planes straight from the assembly line to mothballs because it has no use for them, yet it still hasnt stopped ordering the aircraft, according to a report. A dozen nearly new Italian-built C-27J Spartans have been shipped to an Air Force facility in Arizona dubbed the boneyard, and five more currently under construction are likely headed for the same fate, according to an investigation by the Dayton Daily News. The Air Force has spent $567 million...
  • Obama to the Troops: Congress Failed You

    10/01/2013 5:34:25 PM PDT · by lbryce · 23 replies
    Daily Beastt ^ | October 1, 2013 | Joghn Rogin
    At the moment the government shutdown began, President Obama issued a message to U.S. service members and Defense Department employees blaming Congress for the government shutdown that began Tuesday and reassuring some of them they will continue to get paid. Unfortunately, Congress has not fulfilled its responsibility, read the statement from the president, sent out to reporters in advance but embargoed until 12:01 AM. It has failed to pass a budget and, as a result, much of our government must now shut down until Congress funds it again Today, I want to speak directly to you about what happens next."...
  • Navy drops plans to repair fire-damaged USS Miami

    08/07/2013 6:25:58 AM PDT · by Carbonsteel · 54 replies
    FoxNews ^ | August 07, 2013 | na
    The Navy has decided that it will not repair the nuclear-powered submarine USS Miami after concluding that the cost of repairing damage from a fire set by a civilian worker is more than it can afford due to mandated budget cuts.
  • The US's Stealth Fighter (F-35) Is Too Heavy and Slow

    07/03/2013 2:05:52 PM PDT · by Blood of Tyrants · 119 replies
    Vice.com ^ | Adam Clark Estes
    The Pentagon's pursuit of the Lockheed Martin F-35 stealth fighter jet has been a heartbreaking one. If you're a tax payer, the program's estimated $1 trillion price tag probably breaks your heart a little bit. If you're an aviation enthusiast, the constant whittling away of the do-it-all aircraft's features, which in many cases actually amounts to adding weight and taking away maneuverability, must hurt a little bit, too. If you're just an everyday American, though, you should be downright shattered that after a decade and a fortune spent, the F-35 will actually be more vulnerable than the aircraft it's replacing....
  • A brand-new U.S. military headquarters in Afghanistan. And nobody to use it.

    07/10/2013 8:47:37 AM PDT · by Timber Rattler · 14 replies
    The Washington Post ^ | July 10, 2013 | Rajiv Chandrasekaran
    The U.S. military has erected a 64,000-square-foot headquarters building on the dusty moonscape of southwestern Afghanistan that comes with all the tools to wage a modern war. A vast operations center with tiered seating. A briefing theater. Spacious offices. Fancy chairs. Powerful air conditioning. Everything, that is, except troops.
  • Defense Industry Lobbies to Kill Sequester Spending Cuts

    07/07/2013 1:40:13 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | July 7, 2013 | Kevin Glass
    Modest spending cuts that were put into place March 1 due to sequestration have mostly failed to result in the economic doom predicted by Keynesians. Now the defense industry is working to undo those cuts. Jeremy Herb of The Hill has reported on lobbying industries going up to Capitol Hill, redoubling their efforts to restore budget cuts: Cord Sterling, vice president of legislative affairs for the Aerospace Industries Association (AIA), said his group is working to articulate the damage from the cuts that are now beginning to take hold. They remain hopeful that a fix is on the horizon. ......
  • The Drawdown Diet: Marines steamed by loss of hot meal at Afghanistan base

    05/31/2013 9:41:54 AM PDT · by cblue55 · 48 replies
    World News on NBC News ^ | May 31, 2013 | Bill Briggs, NBC News Contributor
    Marines at Camp Leatherneck in Afghanistan will lose a key daily meal starting Saturday, causing some to forgo a hot breakfast and others to work six-plus hours without refueling on cooked food, according to Marines at the base and Marine Corps officials. The midnight ration service known there as midrats" supplies breakfast to Marines on midnight-to-noon shifts and dinner to Marines who are ending noon-to-midnight work periods. It's described as one of the few times the Marines at Leatherneck can be together in one place.
  • IMF: U.S. Cutting Budget Deficits Too Quickly

    05/20/2013 2:55:03 PM PDT · by blam · 28 replies
    Fox News ^ | 5-20-2013 | Reuters
    <p>The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit.</p> <p>Despite high unemployment, Washington is on track to slash its budget shortfall this year by the most in nearly a half century.</p>
  • Sequester and Airshows

    04/30/2013 10:16:45 AM PDT · by EveningStar · 10 replies
    The Pylon Place ^ | April 29, 2013 | Marilyn Dash
    We recently learned that the Blue Angels, the USAF Thunderbirds, the Golden Knights and all the Military Demo Teams have cancelled their entire Airshow season due to the Sequester. The Military will not take part in Airshows in any way not static displays, not flying, nothing. This information has sent the Airshow Industry back to their drawing boards to see how they can move on from here. The Military Demonstration Teams are an enormous draw for these events. Military Teams can increase attendance by up to 30% while bringing many attendees from long distances which increase tourism for their...
  • Army could lose 100,000 soldiers (Barf Alert)

    04/24/2013 7:58:46 AM PDT · by kimtom · 30 replies
    federalnewsradio ^ | Wednesday - 4/24/2013 | Jared Serbu
    Army could lose 100,000 soldiers due to sequestration. Of all the military services facing budget pressure this year, the Army is in the direst of straits. The budget Congress finally passed a month ago will help matters, but the service says it's still more than $15 billion short of funds in fiscal 2013. Army senior leaders told the Senate Armed Services Committee Tuesday that the elimination of a continuing resolution and the passage of a formal budget only fixed about a third of the funding problem they face this year. The sequestration cuts that Congress left in place will force...
  • Obama Admin Announces Military Pay Cuts, Gives $102 Million To Foreign Terror Group

    04/20/2013 10:58:43 PM PDT · by lowbridge · 18 replies
    Despite the organization being linked to Al-Qaeda and after having several pictures surface online of fighters grilling a decapitated human head, the United States pledged to give Syrian opposition forces $123 million in new defense aid doubling the aid previously pledged by the Obama Administration. The announcement was made early Sunday morning by Secretary of State, John Kerry, who is meeting in the Turkish capital with opposition leaders. -snip Dave Frederick, a defense analyst is baffled by the administrations behavior. This is a true embarrassment for our country and something the Obama Administration should be very ashamed of. In...
  • The U.S. Air Force as you know it no longer exists: beginning today, 17 combat units grounded

    04/09/2013 10:43:33 AM PDT · by Nachum · 70 replies
    The Aviationist ^ | 4/9/13 | David Cenciotti
    According to internal documents obtained by Air Force Times, beginning on Apr. 9, 2013, the U.S. Air Force will begin grounding front line combat units as a consequence of sequestration and the need to deal with budget cuts. Seventeen squadrons belonging to the various U.S. Air Force commands are going to be affected by the stand down order. The grounding is aimed to save the 44,000 flying hours (worth 591 million USD) through September. The funded 241,496 flying hours will be distributed to those squadrons that will remain combat ready or are expected to keep a reduced readiness level called...
  • 100 Billion USD in Aid Squandered in Afghanistan

    03/30/2013 8:01:15 AM PDT · by haffast · 13 replies
    The Fiscal Times ^ | March 6, 2013 | David Francis
    According to recent testimony by John Sopko, special inspector general for Afghan reconstruction (SIGAR), the United States has spent nearly 100 billion USD to rebuild Afghanistan in the last decade The decision by the United States Agency for International Development to scrap the completion of a dam project meant to supply electricity to Kandahar, the spiritual home of the Taliban in Afghanistan, is the latest and perhaps largest failure of the United States to use development dollars to create stability by building Afghan infrastructure. USAID had planned to spend $266 million to repair the Kajaki Dam, located in Helmand province,...
  • ITT Exelis (Roanoke, VA) layoffs will be 'a difficult time' (Night Vision Manufacturer)

    03/26/2013 10:49:36 AM PDT · by Perseverando · 3 replies
    The Roanoke Times ^ | Duncan Adams
    A spokesman for the Roanoke County company said the 70 job losses have nothing to do with sequestration. About 70 hourly employees at the ITT Exelis night vision facility in Roanoke County learned Friday that their jobs will end as of April 7. Tim White, a company spokesman, said ITT Exelis is responding to the realities of the defense industry market. He said the job losses have nothing to do with sequestration — the automatic, across-the-board federal spending cuts that took effect this month. “It’s a difficult time,” White said. He said ITT Exelis night vision increased employment in recent years...
  • Northrop Grumman gets $71.6B Fire Scout contract to be assembled in Moss Point (Mississippi)

    03/13/2013 3:21:41 AM PDT · by Islander7 · 11 replies
    Sun Herald ^ | March 12, 2013 | By MARY PEREZ
    Tuesday was a banner day for Gulf Coast industry as the U.S. Navy announced it awarded Northrop Grumman Corp. a $71.6 million contract to produce the next generation of Fire Scout unmanned helicopters, assembled in Moss Point. In addition, Louisiana Gov. Bobby Jindal announced Lockheed Martin Corp. will invest $3 million and create 166 new jobs to build tanks for liquefied natural gas at the Michoud Assembly plant in New Orleans, where the space shuttle tanks were built. The initial 88-foot-long tanks will be used to fuel ships and transport fuel. And at Chevron's 2013 Security Analyst Meeting on...
  • The Hype: Say goodbye to flyovers

    03/01/2013 4:11:35 AM PST · by central_va · 41 replies
    NBC Sports ^ | 3-1-13 | NBC
    Due to federal budget issues, the sporting world will soon have to say goodbye to flyovers. Michelle Beadle is alright with the cut because she isn't comfortable using tax dollars to fund this, but Dave Briggs says it's a reminder of our military in front of millions of people.
  • American Recessional

    02/28/2013 5:10:25 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | February 28, 2013 | Victor Davis Hanson
    Republicans and Democrats are blaming one another for impending cuts to the defense budget brought about by sequestration. But with serial annual deficits of $1 trillion-plus and an aggregate debt nearing $17 trillion, the United States -- like an insolvent Rome and exhausted Great Britain of the past -- was bound to re-examine its expensive overseas commitments and strategic profile. The president's nomination of Chuck Hagel for defense secretary was a sort of Zen-like way of having a Republican combat veteran orchestrate a reduced military. In fact, Barack Obama has nurtured a broad and diverse constituency for his neo-isolationist vision....
  • Bay Area, California to lose big if federal sequester cuts hit this week

    02/24/2013 5:41:36 PM PST · by artichokegrower · 41 replies
    San Jose Mercury ^ | 02/24/2013 | Mike Rosenberg
    Just when Californians are finally feeling upbeat again about where the state is heading, here comes a fresh downer: The federal sequester cuts set to kick in this week could cost California billions of dollars and hundreds of thousands of jobs while making most of our daily lives more difficult. The state's budget may be balanced and the economy improving, but unless congressional Republicans and President Barack Obama reach a last-minute deal, the federal government on Friday will begin slashing $85 billion this year, including about 8 percent from the Pentagon and about 5 percent from most other discretionary programs....
  • Byron York: How defense spending will grow under sequester cuts

    02/24/2013 6:55:22 AM PST · by SeekAndFind · 4 replies
    Washington Examiner ^ | 02/23/2013 | Byron York
    The major objection most Republicans have to the coming sequestration budget cuts is that the cuts will fall disproportionately on the Department of Defense. Thats true; defense spending is about one-fifth of the federal budget but will take about half of the sequester cuts. But even for the Pentagon, the cuts are only to the rate of growth for the defense budget in coming years. They are not actual cuts that make spending decline. In a February publication, The Budget and Economic Outlook: Fiscal Years 2013 to 2023, the Congressional Budget Office (summary here, full report here) outlines the increases...
  • Embrace the Sequester

    02/22/2013 6:07:38 AM PST · by Kaslin · 29 replies
    Townhall.com ^ | February 22, 2013 | Mark Davis
    Something odd happened a few months ago as I weighed the various aspects of the dreaded Sequester Monster, a creature vilified across party lines. It is often true that if enough people in government say something is bad, there is a strong chance of redeeming qualities. So my journey began. The only element of the sequester that bothered me in the least was military cuts. But my friends at the Institute for Policy Innovation properly observe that defense spending will not fall below 2007 levels, which were 75% above pre-9/11Pentagon budgets. High enough for me? Of course not. I actually...
  • Could the Blue Angels and Fleet Week be on the chopping block?

    02/16/2013 2:20:37 PM PST · by artichokegrower · 22 replies
    San Francisco Chronicle ^ | Feb 16, 2013 | Kristen Go
    In bleeding heart, do-gooder San Francisco, most fretting over the scheduled federal budget sequester has revolved around what the across-the-board cuts would mean for the poor. Homeless advocates, for example, have warned that if Congress and President Obama dont compromise by March 1, the city will lose more than $1 million in homeless assistance grants and $800,000 worth of housing vouchers for low-income AIDS patients. But in emphasizing to reporters after last Tuesdays Board of Supervisors meeting that the citys fairly rosy budget projections for next year would be dramatically worse if sequestration happens, Mayor Ed Lee highlighted something else....
  • Huge Defense Sector Cuts, What This Means for Your Investments

    02/16/2013 10:46:26 AM PST · by blam · 23 replies
    TMO - InvestmentContrarian ^ | 2-13-2013 | Sasha Cekerevac
    Huge Defense Sector Cuts, What This Means For Your Investments Companies / Sector AnalysisFebruary 16, 2013 - 11:44 AM GMT By: InvestmentContrarian Sasha Cekerevac writes: March 1 is a very big day for many people. Unless Obama and the Republicans make a deal prior to that date, billions of dollars in spending cuts will be enacted. Of all the areas that will be hit, I think the defense market sector will bear the brunt of the cutbacks and the future viability of corporate earnings in this sector is certainly in doubt. At this point, Pentagon officials are now planning for...
  • GOP Rep. Amash: Effort to blame Obama for sequester cuts 'disingenuous'

    02/14/2013 6:36:46 AM PST · by SkyPilot · 28 replies
    The Hill ^ | 14 Feb 13 | Justin Sink
    Rep. Justin Amash (R-Mich.) said Wednesday he was unimpressed by efforts from fellow House Republicans to lay blame for the sequester on President Obama, calling the moves "disingenuous." "I think it's a mistake on the part of Republicans to try to pin the sequester on Obama," Amash told Buzzfeed. "It's totally disingenuous. The debt ceiling deal in 2011 was agreed to by Republicans and Democrats, and regardless of who came up with the sequester, they all voted for it. So, you can't vote for something and, with a straight face, go blame the other guy for its existence in law."...
  • Jay Carney Admits Sequester was the President's idea

    02/12/2013 6:36:16 PM PST · by Nachum · 3 replies
    Youtube ^ | 2/12/13 | GOPHRapidResponse
    Video at link
  • Boehner: Obama doesn't have 'the guts' to tackle deficit

    02/12/2013 12:32:15 PM PST · by what's up · 55 replies
    Fox News ^ | Feb 12, 2013 | Bret Baier
    House Speaker John Boehner, in advance of President Obama's State of the Union address, said Tuesday that he doesn't think the president "has the guts" to seriously address the country's debt and deficit. The speaker aired his concerns during a breakfast outside his office on Capitol Hill with anchors and reporters covering Obama's address Tuesday night. He said he's pessimistic about the odds the president will tackle the country's long-term spending problem, which he sees as the biggest threat to America's future. "I don't think he has the guts to do it. He doesn't have the courage to take on...
  • Army: 78% Of Combat Brigades Will Skip Training Due To Sequester, CR

    02/10/2013 3:40:59 AM PST · by SkyPilot · 43 replies
    AOL Defense ^ | 6 Feb 13 | Staff
    WASHINGTON: Rarely have such pretty slides told such an ugly story. While Army Chief of Staff Ray Odierno tries to talk up "The Force of Tomorrow," Army briefing documents obtained today by AOL Defense lay out the near-term impact of sequestration, the Continuing Resolution, and unresolved overseas contingency operations needs: an enormous $18 billion shortfall for the service that will be borne almost entirely by federal workers and military readiness. You can see the slides by clicking "download this document" (up and to the left) and read the detailed talking points here, but the highlights are harrowing enough: Training:...
  • CNN: Panetta to Recommend Pay Cut For Military

    02/06/2013 9:37:42 AM PST · by kristinn · 132 replies
    CNN ^ | Wednesday, February 6, 2013 | Barbara Starr
    Just days before he leaves office, Defense Secretary Leon Panetta is recommending military pay be limited, effectively decreasing troop salaries next year. Panetta will recommend to Congress that military salaries be limited to a 1% increase in 2014. The Pentagon has calculated that the Labor Department's 2014 Employment Cost Index is expected to be above 1% but wants to still cut back on pay because of "budget uncertainties," a department official told CNN. In 2013, a 1.7% increase was approved, based on the index, which has been the basis for military pay for the last several years. Three Pentagon officials...
  • Panetta: 'Shameful and irresponsible' if Congress allows sequestration

    02/03/2013 1:27:00 PM PST · by SkyPilot · 16 replies
    Politico ^ | 3 Feb 13 | By MACKENZIE WEINGER
    Defense Secretary Leon Panetta says it would really be a shameful and irresponsible act for Congress to allow sequestration to happen. We have to prepare for it, because, you know, there are members up on the Capitol Hill that are saying, Oh no, we're gonna stand back and let sequester happen, Panetta said in an interview aired Sunday on NBCs "Meet the Press." Let me tell you: If sequester happens, it is gonna badly damage the readiness of the United States of America. We have the most powerful military force on the face of the earth right now. If sequester...
  • Commander: Special ops to lose $1 billion

    01/29/2013 8:52:19 PM PST · by Nachum · 5 replies
    Washington Times ^ | 1/29/13 | Kristina Wong
    The commander of U.S. Special Operations Command said Tuesday that his units budget would lose $1 billion this year as a result of the defense budget stalemate in Washington. During an annual National Defense Industrial Association conference for special operators, Navy Adm. William McRaven noted that the Defense Department is operating on a continuing resolution, which limits spending to 2012 levels, even as automatic, across-the-board spending cuts called sequestration are set to begin March 1. The continuing resolution in all honesty puts a greater constraint on us than sequester
  • Pentagon laying off 46,000 employees

    01/26/2013 6:33:25 PM PST · by FreeAtlanta · 63 replies
    cnn ^ | January 25, 2013 | Barbara Starr,
    Washington (CNN) -- The Pentagon has begun laying off 46,000 contract and temporary civilian employees in an effort to cut back on military spending, the No. 2 Pentagon official said on Friday. Full time civilian employees, which number in the hundreds of thousands, also will be furloughed for one day a week for 22 weeks, Deputy Defense Secretary Ash Carter said in an interview with wire service reporters. His comments were confirmed by a Pentagon spokesman.
  • Obama to cut medical benefits for active, retired military, not union workers

    01/25/2013 9:55:17 PM PST · by NKP_Vet · 24 replies
    http://www.examiner.com ^ | February 28, 2012 | Joe Newby
    In an effort to cut defense spending, the Obama Administration plans to cut health benefits for active duty and retired military personnel and their families while not touching the benefits enjoyed by unionized civilian defense workers. The move, congressional aides suggested, is to force those individuals into Obamacare, Bill Gertz reported at the Washington Beacon. Gertz added: The proposed increases in health care payments by service members, which must be approved by Congress, are part of the Pentagons $487 billion cut in spending. It seeks to save $1.8 billion from the Tricare medical system in the fiscal 2013 budget, and...