SMRs and AMRs

Wednesday, February 18, 2009

After Stimulus Package, Pentagon Officials Are Preparing to Pare Back

By THOM SHANKER
NYT

WASHINGTON — Having signed into law nearly $800 billion in new spending, President Obama will now be under pressure to identify at least some budget cuts — and the Pentagon may be particularly vulnerable.

Mr. Obama is set to release his first budget proposal on Feb. 26. After years in which military budgets have soared to record levels, Pentagon officials are already preparing at a minimum to pare back, with a particular eye to slashing weapons programs that have suffered significant cost overruns.

Some Democrats are pressing for much broader cuts in military spending, with Representative Barney Frank of Massachusetts, the Democratic chairman of the Financial Services Committee, having called for a 25 percent reduction in the Pentagon budget.

While such a drastic reduction is unlikely during a time of two wars and a recession, several high-dollar, high-tech weapons systems will be under the most scrutiny.

(More here.)

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