Sequestration would hit the Pentagon hard – but not hard enough to knock the U.S. off its perch as the world’s top military spender – at least not yet. Those cuts kick in next January should Congress and the White House fail to agree on a plan to reduce the deficit. They would shave $52.3 billion from the Pentagon in 2013. That would drop the Defense Department budget to $643 billion, still dwarfing #2 spender China, with its military budget estimated at $120 billion.
Sequestration could spell new cuts to the Pentagon over 10 years totaling $500 billion – on top of a like amount of spending reductions already planned.
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