Pentagon Prepares for Defense Cuts | The consequences of defense cuts are being wildly exaggerated

The defense industry and their colleagues in the US Congress are wringing their hands over scheduled cuts to the Pentagon's budget, which Congress postponed for at least two months last week with their tax bill. The so-called 'fiscal cliff' - the set of tax increases...

Retired military officials say they're concerned about potential automatic budget cuts to the Defense Department which may equal up to $500 billion over the next 10 years, in addition to the nearly $500 billion the Pentagon has already cut from its budget over the...

For months the Obama administration has warned that any serious cuts to the defense budget would be harmful to national security, but any viable cuts would be minuscule. The Pentagon expected to receive roughly $7 trillion over the next decade. Of that, it has already...

Defense Secretary Leon Panetta declared Thursday that he will not see the Pentagon budget cut. "I don't want to hollow out the force," Panetta told the Senate Armed Services Committee. "I am not going to do that." Either forgetting or disregarding two important...

The Pentagon's use of no-bid contracts to defense industry corporations for war goods and weapons has tripled since 9/11, despite promises to reform the controversial practice. After pledges and orders from President Barack Obama and Defense Department leaders to...