The SECDEF and Chair of the Joint Chiefs provided a little taste of what the FY13 Defense Budget will look like.
Pretty much the base budget is going down by $6 Billion. Much of the overall saving comes from not spending as much in Iraq and Afghanistan.
Base budget goes from $531 Billion to $525 Billion.
OCO budget goes from $115 to $88 Billion
Other saving comes from shifting forces a smidge, rotating forces in Europe, eliminating some Air groups, retiring some Navy ships and delaying other ones. The F35 is delayed a little to allow for fixes in various aspects of the design.
Military pay will stay the same, the DoD plans to do a smaller BRAC, to realign and close some bases in the next out years.
Vet benefits will increase, along with a small copay apparently.
The big deal is the Navy plans on delaying 2 years the replacement to the Navy Ohio class nuclear missile sub. The new SSBN (X) is going to cost $11-13 billion a sub. But, it is needed as the Ohio's are due to starting retiring in the 2020s. But, the Navy feels it can delay the cost for a few years.
Overall, not a big drop at all. Just playing with the margins really.
Story: http://www.defense.gov/news/newsarticle.aspx?id=66940
Numbers: http://www.defense.gov/news/Fact_Sheet_Budget.pdf
And strategy document:http://www.defense.gov/news/Defense_Budget_Priorities.pdf
Budget is due out next week or so.
What's also funny in here are no plans for the budget committee cuts of $500 billion that may come into place next January if nothing is done.
ptown_trojans_1
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ptown_trojans_1
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Thu, Jan 26, 2012 9:32 PM
Jan 26, 2012 9:32 PM
Jan 26, 2012 9:32pm