This is a prime example of how Washington cuts spending...below is the punchline, but the article has to be read to fully feel the impact of the bait and switch that all of this is. I just can't understand why we can't operate with the same type of economic slipperiness as our Government does?
"The $78 billion in defense cuts are separate from $100 billion in "efficiencies" identified by the Pentagon. The $100 billion will be reinvested into other Pentagon programs and will not result in spending cuts; the $78 billion will be cut from the Pentagon's budget over a five-year period beginning in the 2012 fiscal year. Because the Pentagon originally projected budget increases for these years, the cuts won't mean that the Pentagon's budget will shrink in total dollar terms -- only that the rate of growth will slow. The fiscal year beginning this year will see a base Pentagon budget of $553 billion, up from $549 billion last year." -article
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