Greece Is An Example On How A Financial Crisis Can Impact It's Military Budgets

Crisis: Protesters campaign against budget cuts in Greece. Photo from The Daily Mail

Greece Vows Deeper Defense Cuts -- AP

ATHENS, Greece — Greece's defense minister on Thursday promised "colossal" cuts in military operating costs to help the debt-ridden country emerge from its financial crisis and speed up plans to modernize the armed forces.

Defense Minister Evangelos Venizelos Greece is aiming to slash operating costs by up to 25 percent in 2010 from 2009, instead of the planned reduction of 12.6 percent listed in this year's budget.

Read more ....

My Comment: A 25% cut in the Greek military budget for this year alone .... this should give everyone a head's up on what happens when governments become fiscally irresponsible .... national security is the first to be cut.

Hint .... if the U.S. does not stop it's runaway spending and growth of government ....it's own military and national security priorities will also be compromised .... and cut.