This Is Obama’s $26B ‘Wish List’ for the Pentagon

An E-2D Hawkeye with the Pioneers of Air Test and Evaluation Squadron preparing for takeoff

U.S. Navy photo by Mass Communication Specialist 2nd Class Kenneth Abbate

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An E-2D Hawkeye with the Pioneers of Air Test and Evaluation Squadron preparing for takeoff

President Obama wants to create a special $58 billion fund to offset budget cuts. About half of that would go to the Pentagon. By Stephanie Gaskell

In President Barack Obama’s fiscal year 2015 budget there’s an extra $58 billion created by a special fund that would come from a mix of spending and tax reforms. Of that, $26.4 billion would go to the Pentagon to offset cuts to readiness and modernization from sequestration.

Called the “Opportunity, Growth and Security Initiative,” the fund “invests in our economic priorities in a smart way that is fully paid for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and the well-connected,” Obama said Tuesday at a press conference at an elementary school in Washington, D.C.

At the Pentagon, outgoing comptroller Bob Hale outlined what the money would be spent on in one handy slide: 

Here’s the link to the slide. 

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