The Military Is Already Preparing For The Worst-Case Sequester Scenario

There's plenty of talk about the "fiscal cliff" -- which was avoided by a last-minute deal last month -- but that only delayed a huge Pentagon fear: Sequestration. What happens if the military is slapped with sequestration -- automatic budget cuts to the tune of about $500 billion over ten years? The Defense Department is the biggest loser in the latest budget battle, and although Secretary of Defense Leon Panetta is hopeful about reaching an agreement, they still need to plan for the possibilit...