iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Pentagon cuts inevitable

Since 2001, defense spending has just about doubled, rising to almost $700 billion in 2010. That is more than half of the discretionary budget and about 20% of the entire federal budget.

A few months ago, budget experts stood alone, clamoring for steep reductions in military spending to help put the nation back on a sustainable path.

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