The second paragraph of a NYT news story on the cuts in military spending implied by the budget agreement from last summer told readers:
"On Jan. 2, national security is set to receive a heavy blow if Congress fails to intervene. That is when a 10-year, $600 billion, across-the-board spending cut is to hit the Pentagon, equal to roughly 8 percent of its current budget."
While the size of these cuts is not in dispute, it is far from clear that they would constitute a "heavy blow" to national s...
Published on June 04, 2012 02:24