Claim: President Obama's claim "that we've already cut" $400 billion in defense spending is misleading. The president was referring to a Defense Department report that identified $178 billion in "efficiencies" over five years — which the administration says will save $400 billion over 10 years. But only $78 billion of the $178 billion represents actual cuts; the rest of the identified efficiencies will be reinvested in other Pentagon programs. The president more than once has claimed he cut defense spending by $400 billion,
Fact-check: Obama Inflates Defense 'Cut' - FactCheck.org
Verdict: president obama's claim "that we've already cut" $400 billion in defense spending is misleading. the president was referring to a defense department report that identified $178 billion in "efficiencies" over five years — which the administration says will save $400 billion over 10 years. but only $78 billion of the $178 billion represents actual cuts; the rest of the identified efficiencies will be reinvested in other pentagon programs. the president more than once has claimed he cut defense spending by $400 billion,
Organisation: FactCheck.org
Author: Unknown
Date published: 2011-07-22T20:30:34