New cuts to come in the US Defense budget
(BRUSSELS2) A new budget cut of $600 billion will be made to the American defense budget from 2013, the White House has indicated after the failure of negotiations between the majority and the opposition on the financing of the debt and the budgetary restriction measures . The decision fell yesterday. Republicans and Democrats have, in fact, failed in the framework of the "Super Committee", an agreement to make additional budget cuts. The decision taken in August provided that in the absence of an agreement, a new cut of $1,2 trillion would be made, automatically, shared equally between military expenditure and civilian expenditure, over the next ten years. That is a reduction of 60 billion per year in the defense budget.
Barack Obama therefore launched a final appeal yesterday to the negotiators to avoid " work with an ax (corn) rather with a scalpel ". " Although Congress has not been able to come to an agreement yet, nothing prevents them from coming to an agreement in the next few days. They can still come together around a balanced plan. said the American president in a press release (http://www.whitehouse.gov/the-press-office/2011/11/21/statement-president-supercommittee).
Comment: The additional reduction in the US defense budget will make American pressure even stronger on the Europeans, in particular for them to bear more of their share of defence, in particular for the establishment of the anti-missile shield. But not only. It will also force American industry to be more aggressive abroad to compensate for domestic losses.
