A panel commissioned by Rep. Barney Frank (D-Mass.) is recommending nearly $1 trillion in cuts to the Pentagon’s budget during the next 10 years.
The Sustainable Defense Task Force, a commission of scholars from a broad ideological spectrum appointed by Frank, the House Financial Services Committee chairman, laid out actions the government could take that could save as much as $960 billion between 2011 and 2020.
Measures presented by the task force include making significant reductions to the F-35 Joint Strike Fighter program, which has strong support from Defense Secretary Robert Gates; delaying the procurement of a new midair refueling tanker the Air Force has identified as one of its top acquisition priorities; and reducing the Navy’s fleet to 230 ships instead of the 313 eyed by the service.
The acceptance of the recommendations would depend on a “philosophical change” and a “redefinition of the strategy,” Frank said at press conference on Capitol Hill.
Full story: Panel commissioned by Barney Frank recommends nearly $1T in defense cuts – The Hill