The new budget deal adds $1.6 trillion to the deficit over the next ten years, a bill the current generation has no intention of paying and which it happily sends to its children and grandchildren.
Congress will likely pursue a budget agreement that raises the Budget Control Act spending limits from their original levels for FY 2020. If they fail, the Department of Defense faces sequestration for the first time since 2013.
While the implementation of the budget cuts in the Budget Control Act of 2011 has caused concerns for the industrial base, the resulting debate has been lacking in empirical analysis. This report measures the impact of the current defense drawdown across all the tiers of the industrial base.