Photo from BarackObama.comFrom Washington Times:
President-elect Barack Obama's transition officials are in early talks about making significant cuts in some high-priced weapon systems, seeking savings to offset budget deficits and help pay for arms sought for conflicts in places like Afghanistan and Iraq.
Defense industry executives say the first cuts may be seen in the fiscal 2010 Pentagon budget, which Mr. Obama will send to Congress early next year.
An executive with a top 10 defense contractor, who asked not to be named, said his deeply concerned industry had hoped the cuts would not come until the 2011 budget, but the transition is now discussing an accelerated process to free up money for immediate war-related items and for domestic programs.
Three defense executives with contacts in the Obama transition told The Washington Times of the budget talks - but also said no final decisions had been made.
"They could do something as early as the 2010 budget," a second executive said, referring to the fiscal year that begins Oct. 1.
Read more ....
My Comment: Politics is going to decide what will be bought .... and what will not. This is going to be a battle royal between the President and Congress .... so pass out the pop corn.
No comments:
Post a Comment