DoD, Industry Leaders Discuss How to Manage a Downturn
October 15, 2012
The Pentagon continued its ongoing dialogue with industry last week. But unlike previous discussions about the impact of deep defense budget cuts scheduled to go into effect in January, this meeting emphasized how to manage those spending reductions.
Many senior defense officials, uniformed and civilian, were junior officers during the last spending downturn in the early 1990s — with the exception of Defense Secretary Leon Panetta, who was President Bill Clinton’s director of the Office of Management and Budget and White House chief of staff — so they do not have much experience managing smaller budgets.