WASHINGTON — Doomsday. That was the word that U.S. Defense Secretary Leon Panetta used to describe the spending cuts that could hit the Department of Defense in 2013. Panetta’s concerns are significant for Hawai‘i. A U.S. Census Bureau report released
WASHINGTON — Doomsday.
That was the word that U.S. Defense Secretary Leon Panetta used to describe the spending cuts that could hit the Department of Defense in 2013.
Panetta’s concerns are significant for Hawai‘i. A U.S. Census Bureau report released this week shows that Hawai‘i received the most federal defense dollars, per capita, of any state in the nation last year, $10 billion total.
The “doomsday mechanism” as Panetta called it, refers to the hundreds of billions of dollars in automatic spending cuts that would be triggered if Congress fails to meet the terms of the Budget Control Act of 2011.
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