From Homeland Security NewsWire:
Sequestration-related defense budget cuts in 2013 to increase from $50.5 to $60.6 billion
15 October 2012
Defense contractors are already worried about $50 billion dollars which would be cut from the defense budget on 3 January 2013 if the White House and Congress fail to reach an agreement on a deficit reduction plan; budget analysts point out that due to a provision in the Budget Control Act, another $10 billion will be added to that amount, bringing the total in defense cuts in 2013 to $60.6 billion.The provision which was not previously accounted for would be implemented because the failure of the “super committee” triggered a reduction in the total amount that could be spent on security-related programs, according to a report released yesterday by the top Democrat on the House Appropriations Committee, Representative Norm Dicks (D-Washington).
AOL Defense quotes Todd Harrison of the Center for Strategic and Budgetary Assessments to say that the way the Budget Control Act is written, “they set up a cap and then they lower it…. They could not have made it more complex if they had tried.” As complex as it may be, Harrison feels it should not have taken this long to figure out.
With the cutbacks now $60.6 million, Dicks’ staff outlined where the cuts will take place:
- Military installations will lose $5.5 billion
- $2.4 billion will be slashed from ongoing base operations
- $2 billion will be cut from new military construction
- $1.1 billion will be taken from a separate account for “[existing] facilities sustainment, renovation, and modernization”
- The Joint Strike Fighter program would lose $1 billion, four aircrafts, and advance procurement to expedite the construction of future planes
- Eight UH-60 Blackhawks and five CH-47 Chinooks as well as eleven Striker eight-wheel-drive armored vehicles will be stripped from the Army
- The Navy will lose three F/A-18E/F Super Hornet fighters, two F-18G Growler electronic warfare variant, and a P-8A Poseidon long-range patrol plane, along with “at least one” warship.
- The Air Force also takes a hit as they lose an Evolved Expendable Launch Vehicle (EELV) rocket for space launches. The USAF will also lose $99.5 million for its new tanker and $33.7 million toward its Next- Generation Bomber
Yes, there are more details here.http://www.homelandsecuritynewswire.com/dr20121015-sequestrationrelated-defense-budget-cuts-in-2013-to-increase-from-50-5-to-60-6-billion
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