Chart of the Week: Defense Budget Cuts Gamble with National Security
The third and final presidential debate between President Obama and former Governor Mitt Romney will feature several different questions on the role of America abroad and other aspects of foreign policy. Obama and Romney will likely address the nation’s impending spending crisis and automatic defense budget cuts, known as sequestration.
Heritage senior research fellow Steven Bucci and research associate Emily Goff illustrate the disproportionate effect that sequestration will have on defense spending compared to entitlement programs. The $492 billion in automatic defense cuts from 2013-2021 would represent 42.6 percent of the overall cuts, more than three times the impact on entitlements.