The Pentagon's new fiscal cliff - Jeremy Herb - POLITICO: President Barack Obama and congressional Republicans say they want to boost Pentagon spending by tens of billions of dollars next year — but that’s just budget theater.
The administration and the new Republican-controlled Congress are creating another budgetary cliff on defense spending, forcing the military to face across-the-board cuts if Pentagon spending busts the caps that are already law.
The sequestration cap for Pentagon spending is about $499 billion, but the Obama administration is set to propose a $534 billion base defense budget, according to budget documents. And many analysts expect congressional Republicans propose a similar, if not higher, topline.
Read more: http://www.politico.com/story/2015/01/pentagon-defense-budget-fiscal-cliff-114698.html#ixzz3QEM7z7sD
