‚Doomsday Mechanism‘ Would Devastate Budget, Panetta Says


MONTEREY, Calif., Aug. 23, 2011 – Citing the myriad threats facing the United States, Defense Secretary Leon E. Panetta said today that one of the biggest challenges to U.S. national defense is the so-called „doomsday mechanism“ that will trigger across-the-board budget cuts if Congress doesn’t make the decisions necessary to avert it.

Speaking to a standing-room-only audience at the Navy Postgraduate School’s King Hall here, Panetta told the students and faculty the across-the-board reductions could take another $500 billion to $600 billion from the defense budget.

„It will be devastating to the defense budget, resulting in a hollowed force, weakened U.S. defenses and an inability to meet U.S. alliance obligations,“ he said. „It will break faith with troops and their families.“

More coverage to follow.

Source:
U.S. Department of Defense
Office of the Assistant Secretary of Defense (Public Affairs)