The roller-coaster ride is about to begin for defense spending, and it promises to be long and bumpy.
On Thursday, subcommittees of the House Armed Services Committee begin to mark up the fiscal 2013 Defense Authorization Bill. This will be the ride up because the Republican-controlled panel has indicated that it will add about $8 billion to the $546 billion set by the 2011 Budget Control Act (BCA). President Obama, Defense Secretary Leon E. Panetta and the Joint Chiefs of Staff supported the BCA, but the president’s budget is $3.7 billion above the BCA figure. That’s because it includes security spending for agencies other than the Pentagon.
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