Invite your attention to pages 5 thru 7 of attached which outlines in very clear terms the likely FY 2013 and longer term impacts on the Department of Defense and the Joint Force of the impending sequester brought about by this week's dereliction of duty on the part of the Senators and Representatives making up the Joint Select Committee on Deficit Reduction.
Phi Beta Iota: Panetta-McCain may be the toxic replacment to Cheney-Warner. The letter is without merit. The acquisition system is so broken now the Navy and Army cannot build anything coherently–the Navy still lacks Naval Gun Fire and the Army still lacks an infantry weapon able to out-gun the Taliban, while the Air Force continues to stink at close air support and lack both an intra-theater adequacy of lift and a long-haul heavy lift capability (or the ability to be effective above 6,000 ft). DoD, in short, is a mis-managed mess and Panetta has no idea how to go about fixing that, nor does he want to. Lockheed Martin and others are quite happy with the way things are, where 50% of every dollar is waste but that waste is profit for them because it includes their overhead. It is true that the current laws mandated by Congress make it difficult for any Cabinet Secretary to cut waste–this is the same Congress that mandated we pay 100% asking price for Medicare drugs instead of the more common global standard of 2% for generic wholesale. As long as Congress remains corrupt, and the SecDef remains corrupt, there is no fixing this problem. The FACT is that we have to cut one trillion a year (what we are borrowing), not one trillion over ten years. The FACT is that DoD would be much stronger if it could combine both intelligence and integrity and actually create the four forces after next, at a much reduced cost, that those with intelligence and integrity have been discussing for decades, and with greater intensity, since the mid-1990's.
For those interested in how Vice President Dick Cheney might go about destroying intelligence reform in the aftermath of the 9-11 Commission report, this document provides the full text of the two letters he used to destroy intelligence reform in 1992, when the Senate and House intelligence committees were in full agreement that substantive reform was needed.