Panetta warns of ‘crisis’ in military readiness

WASHINGTON (AP) — Looming across-the-board budget cuts present the U.S. military with the most significant readiness crisis in more than a decade and quick action is needed to avoid the spending reductions, Defense Secretary Leon Panetta warned during testimony Thursday before the Senate Armed Services Committee. If the billions of dollars in cuts are allowed to stand, Panetta said, he would have to throw the country’s national defense strategy “out the window,” and the United States would no longer be a first-rate power. “This will badly damage our national defense and compromise our ability to…
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