Chuck Hagel, the new Secretary of Defense, met with Hawaii troops and answered a couple of questions regarding military spending plans and the federal budgets cuts that would affect the armed services. Hagel admitted that in order to trim defense spending, “we are looking at everything across the board.” However, Hagel added that the troops’ well being takes top priority when it comes to spending. Hagel stated, “It doesn’t make a difference how sophisticated your equipment is or anything else. If you don’t have good people, then you can’t keep good equipment.”
According to Hagel, the nation’s defense budget is approximately $500 billion a year, out of which $170 billion goes towards military pay and benefits. The Defense Department is requesting a 1 percent pay raise for service members of 2014. Hagel noted that there will be a re-balance of forces to the Pacific as “opportunities in the world are centered in the Pacific area.”
Source: Honolulu Star Advertiser, 5-31-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
