Friday, July 10, 2009
Diverting Defense Dollars
From New Wars:
Rich Western militaries so used to proposing extremely sophisticated and costly weapons programs, almost assuring they will get passed through legislatures hungry for the jobs and votes which coincides with grandiose projects, might be in a for a shock very soon. In this new era where moneys are tight and political leaders are more concerned with propping up tottering economies, the funds are just no longer there for future spending sprees by our spoiled service folk. So instead of a rise in defense spending on just any new project the generals and admirals conjure up, look for weapons and strategies to be increasingly prioritized. Read this from the UK Times titled “Ruthless approach to spending needed“:
Read more ....
My Comment: As I had mentioned in the previous post .... Once An Empire, Britain Faces Big Military Cuts .... the U.S. is rapidly approaching the same fiscal condition. This financial crisis will translate into cutting Defense programs .... starting with the big budget programs. New Wars is on the money with their analysis and commentary.
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