By Jim Garamone
American Forces Press Service
WASHINGTON, Jan. 6, 2011 -- The Defense Department has found $154 billion in efficiencies over the next five years and will be able to invest $70 billion of that saved money in more deserving accounts, Defense Secretary Robert M. Gates said today.
The secretary announced the savings and reinvesting of the efficiencies during a Pentagon news conference.
Gates emphasized that the nation is at war and faces a range of future security threats. "It is important to not repeat the mistakes of the past by making drastic and ill-conceived cuts to the overall defense budget," he said. "At the same time, it is imperative for this department to eliminate wasteful, excessive and unneeded spending."
Gates said he wants every dollar invested in defense spent in the smartest manner. The efficiencies continue a process to reshape and re-balance the defense budget that has already saved the nation $300 billion, he noted.
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News / Official Links
Defense Efficiencies Initiative Web Page - DoD
Statement on Department Budget and Efficiencies - DoD transcript
Winners and Losers as Pentagon Outlines Cuts - Reuters Factbox
Pentagon to Cut Spending by $78b, Reduce Troop Strength - Washington Post
U.S. Orders Biggest Defense Cuts Since Before 9/11 - New York Times
Gates Outlines Plans to Cut $78b in Programs, 70k - Stars and Stripes
Defense Secretary Announces Billions in Budget Cuts - CNN News
U.S. Defence Budget to be Cut by $78bn - BBC News
Robert Gates Proposes $78 Billion U.S. Defence Cuts - Daily Telegraph
DOD Directs Army, Marine Drawdowns for 2015, 2016 - AFPS
Program Cuts let Army Keep Soldiers, for Now - Army Times
Defense Department to Prune Senior Ranks, Freeze Staffing - AFPS
Joint Chiefs Fully Agree With Gates' Efficiencies - AFPS
Not Every Defense Dollar 'Sacred' - GovermentExec
Robert Gates Details Pentagon Cuts to Congress- Politico
Gates to Cut Marine Vehicle, Plans $178 Billion Cuts - Bloomberg
DOD Budget Targets: Contractors, IT Programs - Federal Computer Week
Gates: Pentagon Must Do Its Part in Deficit Reduction - PBS News Hour
Robert Gates, Budget Hawk? - The Atlantic
Can Congress Really Stop Gates' Gear Cuts? - Wired