Truthdig - Tag - Defense Business Board

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Tag: Defense Business Board

U.S. Navy / Petty Officer 3rd Class Josue L. Escobosa

Military Spending ‘Not Sustainable’

The Defense Business Board, an official oversight body appointed by the secretary of defense, has warned the president-elect that the Pentagon’s bloated budget ($512 billion this year, not including war costs) is “not sustainable.” An unprecedented spending spree since 9/11 has run head-on into a financial meltdown, and Barack Obama is now stuck in the middle.