
Originally Posted by
QEC Eye in the SKY
Actualy the $500bn you are refering to is at the moment only a threat made by congress,wherebye if the government does not itself come up with plans to reduce the national deficit,the 'sequester' process would come into effect.
They have threatened that the sequestration process will be triggered at the begining of 2013,and will involve $1.2 trillion in government spending cuts,$500bn of which will be in defence.
It is all very complicated,but there is an excellent article in Mays issue of 'Warships IFR' which makes grim reading for the USN if this does come to pass.
The US Defence Secretary Leon Panetta,is fighting this tooth and nail. Believe me it will make our cuts look insignificant if it happens.