Defense Budget and Sequestration Assignment Example | Topics and Well Written Essays - 1250 words

Defense Budget and Sequestration - Assignment Example An extra $88.5 billion is required for ongoing military operations, chiefly in Afghanistan( Klein, 2013). The FY 2013 budget requirement is the first budget proposal subsequent to the enactment of the Budget Control Act (BCA) OF 2011. The BCA establishes the budget limits for the unrestricted component of the federal and integrates an enforcement tool, understood as a sequestration, devised to cut spending by design. The BCA as well was responsible for creating the Joint Select Committee on Deficit Reduction, generally referred to as the Super Committee; furthermore, the BCA charged it with establishing an extra $1.2 trillion in deficit minimization over the foreseeable decade. Since the Super Committee failed to arrive any consensus on extra deficit minimization, the constitution requires that the budget limits be reduced to accomplish the $1.2 in the debit diminution through spending cuts. Just of a half of these reductions pertain to the budget explanation for national defense and the other remaining part pertains to non-defense accounts(Klein, 2013). Most estimation suggests that the United States is on the brink of shaky monetary path under the present federal tax and prerogative regimes. The lack of essential reforms many pundits say that the nation’s increasing debt poses a great long-standing threat to the United States national security, and that Pentagon’s budget will finally be sidelined by compulsory social spending plans. Over the past few years, Washington h as debated numerous debit reduction proposals, but a primary legislative bargain has proved obscure. Last month in March 1, sequestration went into effect. For Monetary Year 2013, the reductions total $85 billion, half of which is spent on defense. Where most political pundits surmise that some defense cuts should be part of an exhaustive debit reduction agreement, they show anxiety that the sweeping monetary austerity that began in March