Defense-budget headlines of late have concentrated on sequestration, as hand-wringing increased about the so-called fiscal cliff. Most coverage has focused on defense officials predicting dire consequences for the Department of Defense (DOD), or industry officials warning of job losses and collapse of certain technology sectors and associated businesses. The U.S. Naval Institute recently hosted Defense Forum Washington with a program titled “The Fiscal Cliff: What Does This Mean for Defense and National Security?” The conference focused on sequestration and its impacts. Speakers and panelists offered different perspectives on impact, ranging from disaster to a mere “pothole,” and on occurrence from irresponsible to a fait accompli that should happen to provoke fundamental changes in DOD. Wherever you fall on that opinion swing, one thing is clear about sequestration in any form or amount: It is not the only downward pressure on DOD’s budget. (For more details on sequestration and its impacts, see “Sequestration: Coming Soon?” online at: http://news.usni.org/news-analysis/news/sequestration-coming-soon.)
This Time, It's Different
A close observer of defense-spending trends takes a look at dollars and sense and the looming budget challenges in the Pentagon.
By Captain Richard M. Miller, U.S. Navy