Georgia Tech Procurement Assistance Center

  • Home
  • About Us
  • Training
    • Class Registration
    • On-demand Training
    • GTPAC COVID-19 Resource Page
    • Cybersecurity
    • Veterans Verification Video
    • GTPAC Community
    • Other Training Audio & Video
  • Useful Links
  • Team Directory
    • Albany Counselor
    • Atlanta Counselors
    • Augusta Counselor
    • Carrollton Counselor
    • Columbus Counselor
    • Gainesville Counselor
    • Savannah Counselor
    • Warner Robins Counselor
  • Directions
    • Atlanta – Training Facility
    • Atlanta – Office
    • Albany
    • Augusta
    • Carrollton
    • Columbus
    • Gainesville
    • Savannah
    • Warner Robins
  • COVID-19
  • New Client Application
  • Contact Us

Panetta urges Congress to de-trigger sequestration cuts

April 20, 2012 By ei2admin

It is up to Congress to dissipate the shadow of sequestration hanging over the Defense Department, according to Defense Secretary Leon Panetta.

Panetta and Joint Chiefs of Staff Chairman Army Gen. Martin Dempsey discussed on Monday (Apr. 16, 2012) the impending $500 billion budget reduction over the next ten years that would incur if Congress does not resolve an alternate solution by January 2013.

Congress should approve an alternate budget plan in order to maintain the military strength Panetta believes is necessary to face today’s security environment, he said during the press conference.

He said the Pentagon has not received directives from the Office of Management and Budget to plan for sequestration, but added the possibility is already impacting the department and industries it depends on.

Congress is set to review defense authorization and appropriations bills in the coming weeks.

Panetta said he hopes Congress will review the new defense strategy and cautions that if the cuts are handled incorrectly, it will result in a hollow military force.

Panetta notes that the Budget Control Act is structured in such a way that any change in one area of the budget or force structure will require offsetting changes in other areas.

Panetta’s hope is that Congress will reach a speedy decision to de-trigger the sequester.

The longer Congress waits, the more impact the impending cuts will have on the Pentagon’s planning and budget processes, he added.

Dempsey said he expects the Pentagon will have to begin planning toward the middle or end of the summer in order to react to sequester cuts.

Panetta noted that he believes military reductions should occur but that Congress has a small margin of error in its decision to avoid a significantly unbalanced or weakened force.

— by Katelyn Noland – ExecutiveGov – Apr 17, 2012 at http://www.executivegov.com/2012/04/panetta-urges-congress-to-de-trigger-sequestration-cuts/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+execgov+%28Executive+Gov%29.

Filed Under: Contracting News Tagged With: budget, budget cuts, DoD, OMB, sequestration

Recent Posts

  • Georgia Tech creates new Office of Corporate Engagement
  • Federal contractor indicted for stealing over $1.2 million from the U.S. Postal Service
  • SBA hosting “Contract Bonds and Surety Bond Guarantee” webinar April 20th
  • GSA hosting “Getting on the GSA Schedule” webinar April 13th
  • NIH hosting 2021 small business program conference April 26-30th

Popular Topics

8(a) abuse Army bid protest budget budget cuts certification construction contract awards contracting opportunities cybersecurity DoD DOJ False Claims Act FAR federal contracting federal contracts fraud GAO Georgia Tech government contracting government contract training government trends GSA GSA Schedule GTPAC HUBZone innovation IT Justice Dept. marketing NDAA OMB SBA SDVOSB set-aside small business small business goals spending subcontracting technology VA veteran owned business VOSB wosb

Contracting News

Federal contractor indicted for stealing over $1.2 million from the U.S. Postal Service

CMMC announces new advisory council to collect industry feedback

EEOC announces April 26 opening date for the collection of 2019 and 2020 EEO-1 component 1 data

Contractors line up to rebuild MARTA’s Five Points Station

GDOT announces $828.8 million in projects to transform Ga. 316

Read More

Contracting Tips

A whole new marketplace: GSA’s “commercial platforms” initiative

CRS Reports: Mentor-Protégé programs and small business size standards

CRS Report: Small businesses and COVID-19, relief and assistance resources

How do I find out what the government is buying?

Past performance isn’t always a required evaluation factor, says GAO

Read More

GTPAC News

SBA hosting “Contract Bonds and Surety Bond Guarantee” webinar April 20th

GSA hosting “Getting on the GSA Schedule” webinar April 13th

NIH hosting 2021 small business program conference April 26-30th

Defense Counterintelligence and Security Agency hosting industry day and matchmaking May 6th and 20th

Missile Defense Agency hosting virtual conference May 11-13th

Read More

Georgia Tech News

Georgia Tech creates new Office of Corporate Engagement

Delta Jacket wins 2021 Georgia Tech InVenture prize

Future of 5G is under the microscope at Georgia incubator

Collective worm and robot “blobs” protect individuals, swarm together

The Partnership for Inclusive Innovation is now accepting applications for pilot programs

Read More

  • SAM.gov registration is free, and help with SAM is free, too
APTAC RSS Twitter GTPAC - 30th Year of Service

Copyright © 2021 · Georgia Tech - Enterprise Innovation Institute