How dependent has the United States government under President Barack Obama become upon borrowing money from foreign sources to support its spending? Would you believe the answer is: “enough to exclude a long-time U.S. manufacturer from consideration for a defense contract in favor of a foreign-based manufacturer, despite the U.S. manufacturer having invested considerable…
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Here is a great video presentation on the gigantic growth of Big Government federal spending and debt in the United States and its impact on the average America:
The Honorable Erskine Bowles National Commission on Fiscal Responsibility and Reform 1650 Pennsylvania Avenue, N.W. Washington, DC 20504 Dear Mr. Bowles: We are writing to you and other members of the President’s National Commission on Fiscal Responsibility and Reform as individuals who have worked in national security affairs for decades for the Department of…
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In the new article on runaway spending from the Pentagon, “How Many More Trillion$ for Defense?”, Independent Institute Research Fellow Winslow Wheeler explains the dire need for effective budgetary controls over the Pentagon.� As it stands the Pentagon “is literally ‘unauditable.’” �Since Sept. 11, 2001, Congress and the Defense Department have added more than…
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In a new article in Defense News, Winslow Wheeler reports on the trillions of dollars of wasteful spending by the Pentagon, and the poor state of the armed forces that result: “You�d think all that added money would give us larger forces, a newer hardware inventory and better trained people. Instead, the windfall made…
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In 1998, the Pentagon budget was at a twenty-three year low at $361 billion (in constant 2010 dollars). For 2010, the DOD budget was $697 billion (also 2010 dollars, as are all the rest that follow). According to the analysis of the Project on Defense Alternatives, between 1998 and 2010 Congress appropriated to the…
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