Secretary Hagel got a chance to sit in the cockpit of an F-35 jet, and in the Air Force hangar of the 33rd, stood before an aircraft with his name painted on the side as he made brief remarks to about 100 military personnel. He called the F-35 a critical part of the future of the nation’s defense.
"This is as big a project, the F-35, that we have at the Department of Defense; we have a lot riding on this aircraft," said Sec. Hagel, who noted that the U.S. military and its eight partner countries have a lot invested in the $400 billion dollar jet.
In this week’s Economic Report, Dr. Rick Harper discusses the proposed cuts to the U.S. Department of Defense announced by Sec. of Defense Chuck Hagel. The plan asks for $522 billion. Harper says, “If you look over time the draw down is substantial and a lot of it falls on the Army. We’re looking at moving from an Army of 520,000 troops down to one of about 450,000 troops.” That would take American military forces to the lowest level since before World War II.