Showing posts with label Defense budget. Show all posts
Showing posts with label Defense budget. Show all posts

Friday, January 7, 2011

US military budget plummets down


Source: Press TV
http://www.presstv.ir/detail/159009.html

US Defense Secretary Robert Gates has declared cuts of 78 billion dollars in US military programs, adding that the country faces a "dire" financial situation.

Robert Gates, after negotiations with the White House, said that a slower pace of growth in defense budgets over the next five years will follow the new cuts and other measures, AFP reported on Thursday.

The proposed defense budget for fiscal year 2012 will rise to 553 billion dollars, which is a modest rate of three percent, yet future budgets will gradually be cut down to zero real growth in 2015 and 2016, Gates said in a news conference.

The cuts will mean reducing the size of the Army and the Marine Corps in 2015-16, with the Army dropping its force by 27,000 troops and the Marines by 15-20,000, he added.

Despite his will against the budget cuts, the Pentagon chief argues that the US “dire fiscal situation and the threat it poses to American influence and credibility around the world will only get worse unless the US government gets its finances in order."

Gates had previously hoped to keep away from any cuts that straightforwardly affected the fighting force but in the end has been obliged to propose lessening the size of the Army and Marines.

Saturday, December 18, 2010

US House passes $725bn defense bill


The US House of Representatives

Source: Press TV
http://www.presstv.ir/detail/155938.html


The US House of Representatives has passed a massive $725 billion defense bill, including around $160 billion in funding for the US-led wars in Iraq and Afghanistan.

The legislation, passed by 341 votes to 48 on Friday, authorizes the Defense Department to spend nearly $160 billion on overseas combat missions in fiscal year 2011 without major restrictions on the conduct of operations, the Associated Press reported.

The figure is higher than the $128 billion budget for fiscal year 2010.

The official cost of the wars in Iraq and Afghanistan has now surpassed $1.1 trillion.

Some estimates say that between 40 and 50 percent of the US federal budget goes to military spending, which is a far higher proportion that any other government in the world spends.

The legislation will continue to restrict the transfer of detainees from the Guantanamo Bay prison camp to the United States.

This is a major setback for President Barack Obama's efforts to close the controversial prison.

Before taking office, Obama had promised to close down Guantanamo.

The legislation will now have to be approved by the Senate and signed by President Obama before becoming law.

Earlier on Wednesday, the House voted to repeal the "Don't ask, don't tell” Clinton era policy, which bans gays and lesbians from serving openly in the military.

The decision will give another chance to Senate proponents of the repeal before the Congress breaks for the holidays. The Senate blocked the repeal last week.

The "Don't ask, don't tell" policy, introduced in 1993, prohibits homosexuals from serving openly in the military.

Critics, including gay rights groups, argue that the policy violates the rights of gay military members to free speech and open association.

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