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Pentagon to Request 20% Cut in U.S War Funding

Via Bloomberg:

The Pentagon will request about $51 billion in war funding for the fiscal year starting Oct. 1, a 20 percent reduction from the $64 billion Congress approved this year and the least since the Sept. 11 terrorist attacks, officials and congressional aides said.

The Overseas Contingency Operations funding, as it’s known, will be sent to Congress in addition to basic defense spending of about $534 billion when President Barack Obama offers his proposed fiscal 2016 federal budget on Feb. 2, according to the officials and aides, who asked not to be identified before the details are made public.

It will be interesting to see how the Republican Congress reacts to the request. So far the Republican Party has not been in favor of any military cuts because they argue it is a sign of weakness. The Democrats argue that it is a waste of money because a lot of money is being funneled to military vehicles and equipment that would never be used and doesn’t benefit anyone but the Congressperson in that district who can brag about the pork they brought back home to their district.