Defense Budget cuts:

jerry · 11-14-2005, 03:31 PM

Defense Budget Cuts: DOD is looking to cut its fiscal year 2007 budget request by up to $15 billion. They originally planned to seek a 5.7-percent increase in spending over the FY06 request, but are now eyeing only a 2-percent boost. All military services will absorb these spending cuts most likely by curtailing or canceling some major hardware programs. These cuts are being prompted by the mounting costs of the wars in Iraq and Afghanistan, higher-than-expected fuel costs, and the concern that Congress will be unwilling to approve more massive supplemental funding :nod:

11-14-2005, 03:31 PM	#1
jerry Senior Member Join Date: Mar 2002 Posts: 13,763 Blog Entries: 1	Defense Budget cuts: Defense Budget Cuts: DOD is looking to cut its fiscal year 2007 budget request by up to $15 billion. They originally planned to seek a 5.7-percent increase in spending over the FY06 request, but are now eyeing only a 2-percent boost. All military services will absorb these spending cuts most likely by curtailing or canceling some major hardware programs. These cuts are being prompted by the mounting costs of the wars in Iraq and Afghanistan, higher-than-expected fuel costs, and the concern that Congress will be unwilling to approve more massive supplemental funding :nod: