To maintain their unique capabilities, the Sea Services must master the art of navigating budgets in the Age of Austerity.
Under the authority of the Budget Control Act of 2011 and without congressional action, automatic across-the-board cuts—“sequestration”—will occur in the Department of Defense budget in January 2013. 1 The likelihood and the consequences of this event are still uncertain, but projections by the Congressional Research Service suggest total cuts to the Defense budget in the vicinity of $500 billion over the next decade; similar cuts would be made in non-Defense spending. That this would be severe is not in doubt: Employment reductions from changes in equipment procurement in California alone are projected at nearly 126,000, with national changes in employment at more than 5.8 million. 2