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National Defense November 2012 Lawrence P. Farrell Jr.	Fiscal Cliff Watch: Running Out of Time to Fix the Mess If the House and Senate fail to act in the coming weeks, massive federal spending cuts will kick in Jan. 2. That is when the automatic sequester -- scheduled by law to implement phase two of the Budget Control Act of 2011 -- becomes effective.
National Defense October 2012 Lawrence P. Farrell Jr.	Let's Face It: There Is No Shelter From the Fast Rising $$ Storm Defense faces a more than $50 billion reduction per year if sequestration is allowed to occur. Cuts through 2017 of 21 percent are less than the 35 percent reduction after the Cold War wound down, but sequester makes the cut totally arbitrary.
National Defense May 2013 Lawrence P. Farrell Jr.	New Budget Spells More Uncertainty for DoD President Barack Obama sent to Congress a proposed defense budget of $526.6 billion for fiscal year 2014. That top line, however, ignores the fact that it would be subject to a $52 billion sequester cut, as Congress mandated in the Budget Control Act of 2011.
National Defense April 2012 Lawrence P. Farrell Jr.	Defense Budget: Some Clues Have Emerged, But More Uncertainty Ahead The political season is upon us, and much of the rhetoric adds little visibility to the direction for defense.
National Defense May 2011 Lawrence P. Farrell Jr.	What the Latest U.S. Budget Crisis Means for the Future of Defense Even if defense survives significant 2012 budget cuts, the probability is that 2013 or 2014 will be very tough years for military budgets.
National Defense August 2012 Lawrence P. Farrell Jr.	Support for U.S. Troops Should Always Rise Above Partisan Politics Heated debate continues over the impact of $1 trillion in automatic spending cuts to the federal budget that could begin next year.
National Defense January 2014 Lawrence P. Farrell Jr.	Budget Deal Gives Defense Breathing Room The budget agreement that Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., announced Dec. 10 called for delaying a portion of sequester for two years and proposed $85 billion in "light touch" savings over 10 years.
National Defense August 2013 Lawrence P. Farrell Jr.	Can Washington Get Us Back on Track? The origins of the current fiscal and political crisis that is affecting the defense community can be traced back to the months following the 9/11 terrorist attacks when the United States began to gear up for two major wars.
National Defense March 2011 Lawrence P. Farrell Jr.	Follow the Bouncing Ball of Defense, Federal Budgets: Disoriented Yet? Across the entire spectrum of military programs, affordability has become a predominant theme. As one senior official said, "It is no longer readiness at any cost, it is readiness at best value."
National Defense July 2012 Lawrence P. Farrell Jr.	Sequestration Looming: Defense Should Be Prepared for All Possible Scenarios If no further legislative action is taken before January, the Budget Control Act directs a reduction of $97 billion in discretionary federal spending for fiscal year 2013. The calculations work out to $42 billion from domestic programs and $55 billion from defense.
National Defense October 2011 Lawrence P. Farrell Jr.	President's Half-Trillion Dollar Jobs Plan Muddies the Defense Budget Waters What one wonders though is how the new requirement to "pay for" the Jobs Bill will affect defense spending.
National Defense February 2013 Lawrence P. Farrell Jr.	One Fiscal Cliff Down and Three More to Go The Congressional Budget Office has estimated that the legislation the president signed Jan. 2 would increase the deficit by nearly $4 trillion over the next 10 years. It is almost certain that defense will have to surrender additional revenue, perhaps another $10 billion to $20 billion per year.
National Defense June 2013 Lawrence P. Farrell Jr.	Fiscal Fight Takes Toll on Military Readiness During fiscal year 2013, the Defense Department was funded by temporary measures, or continuing resolutions, that put a huge crimp on operations and maintenance spending.
National Defense June 2014 Lawrence P. Farrell Jr.	For Defense, a Tough Budget Balancing Act Will fiscal year 2016 be a repeat of 2013, when gridlock prevailed and sequester ensued. Will there be some relief as we saw in fiscal year 2014 and 2015?
National Defense May 2012 Lawrence P. Farrell Jr.	Budget Pressures Beg for a Serious Look at Overhauling Acquisition System Perhaps it is time to go back to the future by doing things the way we did them in the past, when the chiefs and the military leadership were deeply involved in all aspects of equipping the service -- in requirements, in budgeting for equipping and training.
National Defense September 2012 Lawrence P. Farrell Jr.	Sequester Fight Continues as Details Emerge and SecDef Amps Up Rhetoric As the potential impact of sequestration begins to settle in -- and details of its impact begin to emerge -- Defense Secretary Leon Panetta is elevating his rhetoric.
National Defense April 2006 Lawrence P. Farrell Jr.	The Coming Challenge for Defense As we observe ongoing war developments, defense strategy and budget trends, it is impossible to not notice that red flags are everywhere.
National Defense March 2013 Sandra I. Erwin	A Fresh Perspective on Government Waste Amid the screaming and gnashing of teeth over the looming cuts is the inconvenient reality that government -- and the Pentagon more than any other agency -- is bloated and now might be an opportune time to put it on a crash diet.
National Defense March 2004 Lawrence P. Farrell Jr.	Balancing Defense Needs Against Fiscal Realities The 2005 defense budget request that the administration sent to Capitol Hill last month is an impressive attempt to balance the demands of a nation at war against the sobering fiscal picture now confronting us.
The Motley Fool February 2, 2011 Morgan Housel	How the Surplus Became a Deficit Tearing apart CBO's numbers.
National Defense August 2010 Lawrence P. Farrell Jr.	'Perfect Storm' for Defense Is Here, For Real This Time There have been many warnings in recent years about a "perfect storm" threatening U.S. defense spending. These dire predictions so far have not been taken seriously as military budgets doubled during the past decade.
Parameters Autumn 2008 Travis Sharp	Tying US Defense Spending to GDP: Bad Logic, Bad Policy Defense spending should be determined according to threat-based analysis and not fixed at 4 percent of the gross domestic product (GDP).
National Defense May 2012 Berteau & Murdock	Defense Department Must Prepare for Deeper Budget Cuts The post-election bargaining over taxes and government spending will be intense and hard-fought. The Defense Department needs to make it clear to all the players what the real consequences for the nation's security are of ill-considered, deep cuts to a defense budget that is already on the decline.
The Motley Fool November 18, 2011 Morgan Housel	Here, You Fix the Budget By next Wednesday, a group of politicians dubbed the "supercommittee" has to come up with a plan to slash federal deficits by at least $1.2 trillion over the next decade.
National Defense December 2014 Lawrence Farrell Jr.	Time to Get Serious About Tough Problems Our increasingly complex and intense military operations need political support, funding and national understanding, in addition to a clear definition of what is to be expected.
National Defense October 2004 Lawrence P. Farrell, Jr.	Pentagon Feeling the Pressure on Budget There is good and bad news in the defense spending legislation that President Bush signed in August.
National Defense December 2013 Lawrence P. Farrell Jr.	Sequester Causing Lasting Damage to Defense Sequestration, if continued on present course, will result in serious damage and degradation to U.S. military capability and to our national security writ large.
National Defense March 2012 Sandra I. Erwin	Pentagon Budget Cuts Are Only Prelude to Future 'Grand Bargain' Politicians and think tanks have been hyperventilating over the $487 billion budget cut that the Pentagon will have to make during the next decade.
BusinessWeek February 16, 2004 Howard Gleckman	The Budget: Hey Guys, Get Real President Bush says he wants to cut the deficit in half by 2009. Here's why that's not likely to happen.
National Defense May 2004 Sandra Erwin	Defense Watch: Fiscal Storm on the Horizon The nation's soaring budget deficits will leave future administrations--whether they are Republican or Democrat--no choice but to cut defense.
National Defense December 2011 Lawrence P. Farrell Jr.	Day of Reckoning Is Approaching: It's Pay Me Now or Pay Me Later The Honorable David Walker, former comptroller general of the United States and now the founder and CEO of the Comeback America Initiative offers thoughts on the budget deficit.
National Defense September 2013 Lawrence P. Farrell Jr.	Sequester Impact: More Than Meets the Eye The downside to falling unemployment is that total employment remains down, and as a percentage of the workforce it is at a historic low. But pundits generally agree that this sequester thing has been overstated and overblown.
National Defense April 2015 Arnold L. Punaro	The Case for Repealing Sequestration This year will either be a turning point away from sequester levels or the ship of state will crash head on into the sequester iceberg resulting in a titanic disaster.
National Defense November 2007 Lawrence P. Farrell	Plenty of Resources, But Even Greater Demand The politics of military spending have reached fever pitch as Congress attempts to pass the Defense Department's fiscal year 2008 budget and weighs massive war spending requests.
National Defense September 2011 Lawrence P. Farrell Jr.	Budget Control Act of 2011 Forces Real Cuts to Defense, and Difficult Choices Enactment of the Budget Control Act of 2011 now provides specific information on the future course of defense spending.
BusinessWeek January 19, 2004	Bush's Borrowing Is Sapping Our Strength The GOP-led Congressional Budget Office says tax cuts will likely slow growth
National Defense December 2013 Sandra I. Erwin	Budget Guessing Game: How Low Will It Go? As it became apparent that political dysfunction had replaced deliberate planning in Washington, John Hamre, CEO of the Center for Strategic and International Studies, called on the nation's policymakers to "define the bottom," and allow defense to resize accordingly.
The Motley Fool February 9, 2010 Morgan Housel	Sick of the Budget Deficit? Read This What really sent us over the edge. For one, there was a good round of tax cuts enacted under President Bush. And two wars. You know the story. Moreover, the economy didn't grow as fast as expected.
The Motley Fool July 12, 2011 Morgan Housel	Balance the Budget Deficit in 3 Easy Steps Willie Sutton robbed banks "because that's where the money is." Those wrestling over how to attack the deficit would be wise to think the same way.
National Defense November 2013 Lawrence P. Farrell Jr.	Nation Paying Steep Price for Rash Decisions The author examines several decisions such as the Budget Control Act of 2011 and the accompanying sequester.
National Defense April 2008 Lawrence P. Farrell Jr.	Impending Collision Between Military Needs and Resources The latest release of the federal budget request to Congress and the submission of the military services' unfunded requirements lists are clear indicators of the serious fiscal problems the nation must confront.
Finance & Development September 2011	Fiscal Neighbors Canada and the United States confronted growing budget deficits and public debt but the results differed.
The Motley Fool August 1, 2011 Morgan Housel	Crisis Averted? The Latest on the Debt Ceiling What you need to know about the mess in Washington.
BusinessWeek February 20, 2006 James Mehring	Deficits: The CBO's Forecasts Look Too Rosy The massive budget deficits of recent years are starting to shrink, according to the Congressional Budget Office. But as officials readily admit, the agency's projections don't fully capture reality.
National Defense July 2009 Sandra I. Erwin	Can the Pentagon Break its Addiction to Supplementals? This Gotterdammerung -- also known as the end of supplemental budgets -- is being met with a mix of anxiety and resignation.
National Defense March 2014 Lawrence P. Farrell Jr.	Debate Continues on Future of Defense Every service is contemplating reductions in personnel and force structure, with the Army perhaps facing the steepest cuts.
BusinessWeek December 2, 2010 Przybyla & Faler	Deficits and Debt as Far as the Eye Can See Neither the President's panel nor the most hawkish budget-cutters would balance the federal budget for decades to come.
National Defense October 2013 Lawrence P. Farrell Jr.	Defense Budget Picture Begins to Take Shape Major adjustments will be required across the defense community -- the military services, agencies, commands and industry. Significant decisions are becoming harder and harder to duck.
BusinessWeek August 11, 2003 Laura D'Andrea Tyson	The Bush Tax Cuts Are Sapping America's Strength The cost is nearly three times as much as the tab from September 11, Afghanistan, Iraq, and homeland security combined.
Reason November 2004 Julian Sanchez	Data With taxes reduced but spending unchecked, deficits make a comeback and keep growing in 2010, even before the entitlement explosion we'll see as the baby boomers retire.