Sunday, December 6, 2009
Whre Does All That U.S. Defense Monies Go?
When President Obama signed a $680-million military policy bill last month, he fulfilled a promise to reform defense spending, slashing more weapons systems than any president had in decades. Left to wither were big-ticket programs like the F-22 fighter jet, the Combat Search and Rescue helicopter, the Airborne Lasers, and the Future Combat Systems. Conceived during the Cold War, these systems have come under criticism for their cost overruns and irrelevance to today’s unconventional conflicts.
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My Comment: Sobering numbers and a realization that the defense budget is just one big jobs program (and entitlement program) for millions of people.
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