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DEFENSE WATCH

By Cal Biesecker

Monday, November 5th, 2012

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The Latest Word On Trends And Developments In Aerospace And Defense Sequestration Swap. The left-leaning Center for American Progress (CAP) slams the “sequestration” cuts that could reduce planned defense spending over a decade by $500 billion--but says it still wants the military budget cut by that amount, just in a different, “thoughtful” manner. Sequestration, which will start in January unless Congress stops it, would indiscriminately take the same percent off Pentagon plans, programs, and activities. The think tank says in…

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