Panetta: 'Nutty formula' to cut defense spending is too devastating to even plan

[WestVirginiaRebel]

Fox News:

Cutting the Pentagon budget to meet a "nutty formula" produced by Congress to reduce the deficit is not just "goofy," it will decimate the Defense Department, Defense Secretary Leon Panetta said Tuesday at a Senate hearing to review the 2013 fiscal year budget request.

Panetta told members of the Senate Budget Committee he hopes they will put a stop to the looming sequestration process, a law Congress put in place last summer that will trigger $600 billion in across-the-board cuts for the Defense Department over 10 years beginning in 2013, bringing total Pentagon cuts to more than $1 trillion.

Panetta said the cuts are so deep the Pentagon hasn't even bothered to prepare for such a scenario.

"We have made no plans for sequester because it's a nutty formula, and it's goofy to begin with, and it's not something, frankly, that anybody who is responsible ought to put into effect," he said.

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"Nutty" and "goofy" could also describe the administration that you're a part of, sir...

[SrWoodchuck]

At least one side of his mouth, speaks a truth.....