Live Breaking News & Updates on Defense Departments Budget
Stay updated with breaking news from Defense departments budget. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
You get together. i look at the numbers where there is waste. before like raise taxes or cut to the poor, so it s to recover the waste and fraud? that, the process is working. the house has produced a budget that actually looks where we can get rid of our debt and actually grow the economy. look what happened at the economy the last month. more people quit looking for a job than actually started working. what we have to do, if you take the budget of america, you of discretionary spending and mandatory spending. do you know if you wipe that all away today you would still have to borrow money. greta: if you look in the defense department s budget, i don t want to make us weak, you look at earmarks, for instance in their most recent budget for 2012, they have $120 million for ....
Understands the process and an entray to capitol hill, knows the players and how to negotiate with them. and that s leon panetta. besides their credential, who started his career as a republican and later served in the clinton white house. now, besides the credentials, both men bring one key quality to president obama. they are confirmable at a time when the last thing the president wants a another fight with senate republicans. in fact, wolf, senator lindsay graham called both selections outstanding. his big job is going to be cutting the defense department s budget. he s not going to be a very popular figure with the establishment, the contractors, the military. they have to cut hundreds of billions of dollars to deal with this budget crisis, the national debt. i assume he s going in with his eyes wide opened. that s right. secretary gates, by all accounts, has started to skim ....
Does that delay then the funding bill as well, the defense funding bill? reporter: there s a few things on this. number one, primarily, this is actually more of a mru print for the defense department s budget. it it s not actually money going directly to the troops in the field or pentagon. it s more a bill where the money would be set up and where exactly it would go. that being said, they can afford to punt on it if need be. in the long run, there are a lot of republicans and even one democrat, jim webb, who want to see the conclusion of the defense department study is how don t ask, don t tell would be arepealed and how it would affect soldiers in the field and within the various ranks and departments. there s a lot of study, that could be done pi the even the year. in terms of don t ask, don t tell, what the future would be for it, if this it goes down today, it would probably wait until after the election. that being said, all indicators are that by this time next year it would ....