Cutting through the rhetoric on defense sequestration

posted by
January 8, 2012
Cato Institute
by Benjamin H. Friedman and Veronique de Rugy  
Posted in Commentary

"In August, the Congressional Budget Office projected that national discretionary defense spending -- 96 percent of military spending outside of operations in Iraq and Afghanistan -- would cost $5.3 trillion over the 2013-2021 period. That is the spending trajectory that the White House and its updated strategy supports. After sequestration, that spending will instead total $4.8 trillion, a difference of less than 10 percent. In nominal terms, sequestration is not even a cut; it would see nonwar military spending grow by about 10 percent from today, as opposed to the 18 percent the administration wants." (01/06/12)

http://www.cato.org/pub_display.php?pub_id=13989  

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