The Obama administration defines security spending as defense, homeland security, intelligence, nuclear weapons, diplomacy and foreign aid.
According to Lew, the security budget will be cut by $4 billion next year compared to this year. The oft-quoted $350 billion figure is based on comparisons to a Congressional Budget office baseline projection, not the current budget.
“Under baseline estimates, [the debt deal] would cut approximately $420 billion over 10 years,” from security spending,” Lew wrote. “Assuming roughly proportional cuts, we project that of that $420 billion, $350 billion would be from the budget category of defense, and approximately $330 billion of that would be specifically from the Department of Defense.”
Click here to read Lew’s full post.