As he leaves, Panetta says sequester is biggest concern
February 3rd, 2013
04:54 PM ET

As he leaves, Panetta says sequester is biggest concern

By: CNN's Ashley Killough

Outgoing Defense Secretary Leon Panetta said Sunday his "biggest concern" right now is the uncertainty over budget issues on Capitol Hill.

"If the sequester is allowed to go into effect, I think it could seriously impact on the readiness in the United States," he said on CNN's "State of the Union." "And that's a serious issue."

The U.S. military could face the start of $500 billion in budget cuts in about a month if Congress fails to come up with a budget plan that avoids the so-called sequester, a serious of automatic, across-the-board spending cuts spread out over the next decade.

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soundoff (17 Responses)
  1. DavidInNC

    Panetta is lying to the American people. That 500 billion is spread over 10 years or 50 billion per year. Thats only a 7% decrease in the military budget. If all defense related spending is used (1.3 trillion per year ) for this calulation, then it amounts to only 3.8%. This is hardly enough to damage our military readiness.

    February 5, 2013 at 12:28 pm | Reply
  2. Carrie

    I hate to tell you this, but the sequester is already happening. I am a military wife who was selected for a position overseas at my husband's base–a position in which I am overqualified but they offer little or no work options for spouses, so I am blessed to be even offered it. I receive a tentative offer, and gues, what? Because of the sequester, they cannot fill the position as they are waiting for the budget cuts to go through, thus my husband and I are out a second income. Did I mention I have a Masters degree? If you think this is the best they can do for military families, then you are sorely mistaken. Write to your Congress people, and maybe I will be lucky enough to still get the job in these trying times.

    February 4, 2013 at 4:32 pm | Reply
  3. karek40

    If sequestration will force the 2 parties to solve the debt/income problem then sequester, sequester, sequester.

    February 4, 2013 at 1:33 pm | Reply
  4. Bangash

    What Today Mr Panetta call serious, had been predicted by Ex US President Eisenhower in 1961 when had warned of rising reliance on MIC. According to him rising manufacturing of weapons will necessitate manufacturing of reasons for its use as well which will finally disturb peace at home and in the world. According to UN survey if half of the billions of dollars used in destruction of Afghanistan,Iraq and Pakistan, had been spent on human welfare projects it would have enabled every individual on the surface of eath to have clean drinking water, food and education.
    With this background I seriously doubt loyalties of American leadership when see US history since WW II to this day.What now Mr Panneta calls serious is the ultimate outcome of what President Eisenhower had warned of.
    Americans as a nation committed to universal peace, justice and fraternity therefore ruling through Pentagon-MIC is violation of this national committment. No doubt President Obama has as usual again promised end of decades of wars, the way he had promised of CHANGE in first election but in this new millinium it is now clear that strong economy guarantee state security not strong army.

    February 4, 2013 at 10:34 am | Reply
  5. But

    But sequester will NEVER happen. Those conservatives..er I mean republicans (because since WHEN has a republican EVER been a conservative) will never let the MIC become unfunded. Gotta keep the FED and the MIC stealing from the poor.

    February 4, 2013 at 9:55 am | Reply
    • karek40

      Income from corporate and personal income taxes (2.1trillion) annual expendatures by government (3.8 trillion). Something has to happen and increasing taxes won't solve the problem. Sequestration is only a partial answer and it probable should happen.

      February 4, 2013 at 1:31 pm | Reply
  6. John Smith

    America is the root of all terror. America has invaded sixty countries since world war 2.
    In 1953 America overthrow Iran's democratic government Mohammad Mosaddegh and installed a brutal dictator Shah. America helped Shah of Iran to establish secret police and killed thousands of Iranian people.
    During Iran-Iraq war evil America supported Suddam Hossain and killed millions of Iranian people. In 1989, America, is the only country ever, shot down Iran's civilian air plane, killing 290 people.
    In 2003,America invaded Iraq and killed 1,000,000+ innocent Iraqi people and 4,000,000+ Iraqi people were displaced.
    Now America is a failed state with huge debt. Its debt will be 22 trillion by 2015.

    February 4, 2013 at 4:09 am | Reply
    • Tom

      The Shah was not a Brutal dictator. He did crack down on non-secular elements by PUTTING PEOPLE IN JAIL. The ayatollah khomeini, was imprisoned at least 3+ times. Imagine if the Shah was actually who you claim he was and had been brutal and...I dunno, executed people for disagreeing with him? Oh wait, that is exactly what the current theocratic government in Iran is doing. Fool.

      February 4, 2013 at 9:53 am | Reply
  7. massoud

    We can not print our way out of a recession but Ben Bernanke will continue to feed the Welfare Warfare State as his Masters must have a compromising photo of him.

    February 3, 2013 at 9:23 pm | Reply
  8. Tembisa

    Reblogged this on World Chaos.

    February 3, 2013 at 4:56 pm | Reply

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