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The supercommittee report outlining how it plans to meet its deficit reduction target is due in just a few short weeks. As I wrote last month, defense has already been cut to the bone and industry’s message is a simple, “No more.”
Just to review, here’s the scenario we face: the Defense Department is already planning on making $460 billion in cuts over the next ten years. If the supercommittee can’t find an additional $1.2 trillion in savings under the Budget Control Act’s sequestration mandate, defense will be headed for another $600 billion in reductions over the next decade.
© 2011 Washington Business Journal