Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Accepting Austerity

The Right Way to Cut Defense

Author: Cindy Williams
November/December 2013
Foreign Affairs

Share

On March 1, 2013, the U.S. Department of Defense lost $37 billion overnight to sequestration. The cut marked the first wave of a series of planned cutbacks that will shrink future budgets across the federal government by about $1 trillion over nine years. The reductions had been set in motion back in 2011, when a special "super committee" established by the Budget Control Act (BCA) failed to reach a deficit-reduction agreement, triggering automatic cuts designed to punish both parties.

Request permission to republish or photocopy this Foreign Affairs article

Read full article at ForeignAffairs.com.

More on This Topic

Other Report

Trends in U.S. Military Spending

Author: Dinah Walker

Policymakers are currently debating the appropriate level of U.S. military spending given increasingly constrained budgets and the winding...