Thursday, August 12, 2010

Pentagon Sees Budget Uncertainties Ahead

From Defense News/AFP:

By promising to drastically slash spending, the Pentagon hopes to convince the U.S. Congress not to reduce its colossal budget. But experts say that may not be enough in a tough fiscal climate.

Defense Secretary Robert Gates on Aug. 9 announced measures to save 100 billion dollars over five years, including pared budgets for contractors, a cut in senior military and civilian posts, and closure of a major military command.

Read more ....

My Comment: Uncertainties ?!?!?! There is nothing uncertain about what is coming down the pipeline. Trillion dollar deficits, shrinking economy, high unemployment .... the Pentagon budget is only going one way, and that way is down. The big question is ..... by how much?

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