The overall defense budget looks to be fairly immune from major cuts in the near term, but it faces a "grim" situation as the economy stabilizes and it becomes politically tenable to address deficit reduction again, two federal budget experts said today. "In the near term, it looks as though defense spending, spending in general is going to be protected," Andrew Krepinevich, the president of the nonpartisan Center for Strategic and Budgetary Assessments, which studies military spending, said at a...
