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Deloitte Services Director Charles Wald on the impact on the military and national security of potential automatic spending cuts for defense.
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That explains that -- born out all the fiscal cliff how well dramatic spending -- -- the second impact military operations and defense contractors joining us now is Charles -- For retired four star general with the US air -- he's now would Deloitte services general thank you for joining us.
If nothing is done and we go off the cliff 55 billion dollars -- 10%.
Of the defense budget would be cuts candidate handled like kind of cut back -- they have expenses.
We're honestly.
I think first of all we're already probably off the cliff for I think for one of the things that many people of -- on this whole problem is the thought that.
There's been so much he's given the uncertainty over the last year or let's say in particular are aware last six months.
That the budgetary our -- -- start to take question -- from the standpoint of frozen spending in some cases and number two the uncertainty.
It's causing a severe in efficiency and -- spending so.
It would be better if the military could commit to a -- for your current contract yep and that's not happening so -- already over the cliff from some -- are for the military and does this impact on national security.
Well absolutely I think if you listen to.
I think people have actually think a lot about -- actually the national security of our nation as it was tied completely to the economy.
If our economy starts -- south which has a high likelihood.
Its -- directly affect our national security no doubt about it so.
How do you prioritize prioritize.
You know what needs to be -- to maintain that the -- strategy of the of the military.
Well frankly an incredibly perverse way there -- some goodness in this whole process mass effect -- US military are based on national strategy -- to re look at soft little bit for the 21 century anyway.
And and I think this may be a motivate her for the military to take -- very very.
Infrastructure of look at what we're really need to address where I would consider.
-- persistent threat I think for the rest of our -- term Woolsey.
Threats that are being non state actors that were used to we -- we you've missed your call terrorists to get in our military needs to be posture -- and I think this made -- cause -- -- -- -- -- -- -- -- And rest were construction well somewhat so it certainly -- thank you so much general Charles ball with -- thank you for joining us the soft and we appreciate it.
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