Rapid Fire May 31, 2013: DoD Finally Succumbs to Stockholm Syndrome

• After almost 2 years of denial, US Defense Undersecretary Ashton Carter instructed the services to work on FY 14 and FY15 budgeting scenarios that span a range going from the president’s unrealistic FY14 budget to full sequestration (~10% lower). Give it another year or two and they might start to defend sequestration.