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Defense Spending and the Federal Budget

My eyes are a bit blurred from trying to understand exactly what's going on in the proposed budget President Obama released today - and what it means for the Department of Defense. The DoD sent out a news release to reporters explaining how Obama's budget contains $671 billion in defense spending, which breaks down to $553 billion for base defense programs and $118 billion to fund the wars in Iraq and Afghanistan. Defense Secretary Robert Gates is quoted as saying:

The Wall Street Journal goes a bit more in depth. The $671 billion defense budget is a decrease from the previous year's $708 billion - the first time defense spending has decreased since 9/11, according to the WSJ. But in order for this budget to work, there must be a drawdown in our war zones:

If you want to take a look at the entire defense budget yourself, click here.