Outgoing Secretary of Defense Leon Panetta is being proactive .....
U.S. Defense Secretary Leon Panetta has ordered the military to begin implementing cost-cutting measures aimed at mitigating the risk of significant budget cuts should Congress fail to reach a deal in coming months to avert or soften themHow much funding does the military need? how much of the cuts will be manpower? and just shift employed military to unemployed civilians? how much of the cuts will create unemployment in companies that supply the military?He tried to reassure troops that President Barack Obama "indicated his intent to exercise his legal authority to exempt military personnel" from the cuts.
But the same promise couldn't be made to the Defense Department's civilian employees. Instead Panetta said the agency may "have to consider" furloughs should it have to operate under reduced funding levels for "an extended period of time."
cuts in the military are needed but but the impact to the economy is unknown