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Foundation: Base DoD budget of $488 billion by 2016

from Defense News

The "defense drawdown is coming," proclaims the TechAmerica Foundation in a new report that predicts baseline Pentagon budgets will steadily shrink to about $488 billion annually. In a report to be formally unveiled Oct. 20, the foundation warns a "double tsunami is about to hit the defense budget," composed of smaller war supplemental spending measures and shrinkage in the base Defense Department budget "in response to deficit pressures." more

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