Panetta spells out US budget cut doomsday fears

By REUTERS
November 15, 2011 02:18

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - Defense Secretary Leon Panetta spelled out a doomsday scenario on Monday that he said could occur if Congress fails to take action to avoid a $1 trillion cut in US defense spending over the next decade.

Panetta, responding to a letter from Republican Senators John McCain and Lindsay Graham, said cuts of nearly $100 billion a year would leave the United States with its smallest ground force since 1940, the smallest number of ships since 1915 and the smallest air force in its history.

"The impacts of these cuts would be devastating for the department," Panetta wrote on Monday in his letter, which was released by the senators.

Independent analysts say Pentagon spending has increased substantially over the past decade and $1 trillion in cuts over the next decade would not be out of line with similar post-war drawdowns.

Related Content

Breaking news
August 19, 2018
Pompeo: 'time for peace' as Afghanistan announces ceasefire with Taliban

By REUTERS