Panetta Says Military Readiness Degraded by Spending Restrictions

Needs to be able to burn money apparently

Furloughed workers, reduced combat readiness, shrunken naval operations and cuts to Air Force flying hours and weapons maintenance.

Defense Secretary Leon Panetta listed those consequences as he provided a stark warning Wednesday about the effects of impending budget cuts on the military. The result, he said, would be "the most serious readiness crisis" faced by the military in over a decade.