budget cuts

Britain's Budget Cuts - Will the Bell Toll For Us?

This week, the British government announced plans to cut its military personnel by 10 percent, scrap 40 percent of the army's artillery and tanks, and withdraw all of its troops from Germany within 10 years, the New York Times reports. The plan will involve a cut of about 8 percent in real terms in Britain's annual defense budget, significantly less than the 10 to 20 percent cuts that were under discussion. The Times attributes the reduced military cuts, in part, to US government pressure.

The reduced cuts in military spending are expected to lead to increased cuts in domestic spending:

 

The more modest scale of the military cutbacks placed extra strain on the government's overall effort to save more than $130 billion through spending cutbacks by 2015, a commitment that will require other government departments to make cutbacks averaging 25 percent. [my emphasis]

This what we have to look forward to with a Republican Congress: demands for budget cuts from which military spending is largely spared and which therefore will fall on domestic spending, like Social Security.