Enormous Cuts in Military Spending? Read the Fine Print
In this age of austerity, all the politicians are talking about the need for spending cuts. But when it comes to shared burdens and slashed budgets, don't expect the Pentagon to start holding bake sales, despite what you may have heard about reductions to its obscenely bloated funding.
Citing the U.S. government's $14.3 trillion debt, lawmakers from both parties have seized the moment to try and attain long hoped-for cuts to Social Security and Medicare. But the recent deal does seem to include some good news for lovers of peace: the push for reductions would encompass the war-making part of the state. Indeed, according to a “fact sheet” released by the White House on the bipartisan compromise, the recent deal to raise the national debt ceiling “puts us on track to cut $350 billion from the defense budget over 10 years.”
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