Document: CNO Greenert’s Sept. 18, 2013 Testimony before the House Armed Services Committee

From the document:
In this statement I will explain the impacts of sequestration having occurred in FY 2013 and current law imposing reduced discretionary caps in future years, and why I believe these caps will preclude our ability to execute the 2012 Defense Strategic Guidance (DSG) in the long term. In the near term, sequestration in FY 2014 will negatively impact our readiness and investments, further degrading programs in all appropriations except military personnel. Combined with the prohibitions on transferring funds, increasing program quantities and starting new projects associated with a continuing resolution, these impacts will be considerably worse in FY 2014 than they were in FY 2013.