Who gains from debt deal? The Pentagon, for one

posted by
August 2, 2011
McClatchy Newspapers    
Posted in PND News

"The last-minute deal that Congress is considering to raise the federal debt limit probably will mean trillions of dollars in government spending reductions for most agencies. But one department stands to gain: the Pentagon. Rather than cutting $400 billion in defense spending through 2023, as President Barack Obama had proposed in April, the current debt proposal trims $350 billion through 2024, effectively giving the Pentagon $50 billion more than it had been expecting over the next decade. With the wars in Iraq and Afghanistan winding down, experts said, the overall change in defense spending practices could be minimal: Instead of cuts, the Pentagon merely could face slower growth." [editor's note: Now THIS should enrage progressives everywhere! (Probably not; they're too busy bitching about the "rich folks") - SAT] [Hat Tip to The Raw Story] (08/01/11)


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