Defense Cuts Could Save Nearly $1 Trillion Over 10 Years
Jun 14, 2010 | Posted by Laicie

I’m proud to be a part of a new report that identifies options for nearly $1 trillion in savings over the next 10 years within the Department of Defense.  Debt, Deficits, & Defense: A Way Forward was produced by the Sustainable Defense Task Force, a group of defense policy wonks put together by Representative Barney Frank to propose possible cuts to the military budget.

“I do not believe after this [proposed plan] is circulated that people will be able to dismiss the argument that you can responsibly, and at no cost to America’s genuine security, make reductions of over a trillion dollars for what has been proposed for the military budget,” Frank said at the release on Friday.

Cuts include further reductions to the U.S. nuclear arsenal and limits on the planned modernization of the nuclear weapons complex, which could save approximately $140 billion over 10 years.  When missile defense and space spending are also selectively curtailed, that number is increased to $194.5 billion.

Over 100 congressional staffers, NGOs, and members of the press were at the briefing on Friday.  When asked what his top three priorities might be for realistic savings within the defense budget, Frank included both nuclear weapons and missile defense.

See the briefing on C-SPAN here.