Time for cuts at the Pentagon, “The world’s largest socialist economy?”

posted by
August 4, 2011
by Hans Bader  
Posted in Commentary

"Even the biggest possible cuts in Pentagon spending under the recent deal between Obama and Congressional leaders would be quite small compared to the reductions in military spending that occurred after Korea, Vietnam, and the end of the Cold War. (That deal lifted the federal debt ceiling in exchange for modest spending cuts over the next decade, plus additional, supposedly automatic cuts to both domestic and national security spending if Congress can’t reach a consensus in the future on which specific programs to cut.)" (08/04/11)


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