Cuts could make USA a second-rate power, Panetta says
2/2/13
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Congress has until March 1 to reach a deal to stop the cuts.
from USAToday,
2/1/13:
Defense Secretary Leon Panetta warned Friday the United States would become a “second-rate power” if Congress and the White House fail to reach a budget deal that would avoid an extra $500 billion in military budget cuts over the next 10 years.
The Army would be forced to slash its ranks by an additional 100,000 soldiers over 10 years if the process called sequestration went into effect, Panetta said in an interview with USA TODAY. That reduction would be in addition to the 80,000 soldiers it plans to shed over the next five years to a force of about 490,000. The Marine Corps will drop about 20,000 troops under the current plan, which calls on the Pentagon to reduce spending by $487 billion over the next decade.
Read More: USA Today