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Deficit Reduction
One of the silliest statements coming out of the various deficit reduction discussions is that “everything is on the table.” This is usually taken to mean political sacred cows such as Social Security, Medicare, defense and tax increases. But there are other items, not easily quantifiable, that
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Date:
8/15/2011
Analysts are warning that the bipartisan deficit reduction deal could gut defense and undermine U.S. national security. No one disagrees over the math. Defense has already been tagged with over $800 billion in spending cuts since the Obama Administration took office. These include almost $400 billion
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Date:
8/9/2011
Last week's deficit agreement clearly didn't do much to restore market confidence, but it did send a clear signal about the likely direction of future defense budgets -- down. The agreement put in place a two-step process that in the first installment would cut military outlays by about $350 billion
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Date:
8/9/2011


