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A Trillion Dollars Worth of Defense Cuts

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An update from CongressDaily:

A bipartisan group House and Senate members led by House Financial Services Chairman Barney Frank today unveiled nearly $1 trillion in defense savings over the next 10 years to help bring down the deficit. The group, made up of Frank, Sen. Ron Wyden, D-Ore., and Reps. Lynn Woolsey, D-Calif., Walter Jones, R-N.C., and Ron Paul, R-Texas, commissioned a report by outside experts, that among other things, proposes reducing the U.S. nuclear arsenal by 1,000 warheads and canceling the acquisition of the F-35 fighter jet. Frank said he would encourage colleagues to pressure President Obama's deficit reduction commission to include the changes in any formal proposal.

More to come on this later.

 

Tom Shoop is vice president and editor in chief at Government Executive Media Group, where he oversees both print and online editorial operations. He started as associate editor of Government Executive magazine in 1989; launched the company’s flagship website, GovExec.com, in 1996; and was named editor in chief in 2007.

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