President Donald Trump told the nation’s governors that his first budget would include “a historic increase in defense spending.” But defense experts say that’s not the case.
Q: Is Lockheed Martin going to lay off 123,000 workers because of President Obama’s downsizing of the military?
A: No. Lockheed gave a “very rough” estimate of 10,000 potential layoffs (not 123,000) due to automatic spending cuts triggered by a 2011 bipartisan deficit-reduction bill. Obama and Congress are negotiating to avoid the cuts.
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,