Pentagon Gets to Work Planning for Severe Cuts
January 8, 2013
Defense officials have begun “serious planning” for automatic spending cuts that could force the Pentagon to lay off hundreds of thousands of civilian workers as it reduces its budget by $500 billion over the next 10 years.
“We are doing some serious planning for sequestration,” Pentagon press secretary George Little told reporters Tuesday. “We need to be ready, and we’re working through those numbers right now.”
Known as sequestration, the across-the-board, automatic reductions are set to begin March 1, unless Congress reaches a deal on taxes and spending. Under sequestration, about $1 trillion is to be trimmed from the federal budget, with the Pentagon accounting for about half of that amount.