Pentagon Says "Stop Defense Cut Madness"; Mish Investigates Alleged "Cuts"

The Mercatus Center put the "cuts" in perspective on August 21, 2012 (see above chart) in its report Defense Spending Will Continue To Grow In Spite of Automatic Cuts Set By BCA . As a result of Congress’s failure to come up with a $1.2 trillion deficit-reduction plan, automatic spending cuts or “sequestration†set by the Budget Control Act of 2011 (BCA) is set to take place from 2013 to 2021. As the threat of sequestration looms, concerns about cutbacks in defense spending have become a significant issue surrounding debates tied to national security and American jobs.

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Pentagon Says "Stop Defense Cut Madness"; Mish Investigates Alleged "Cuts"