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.
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.
WAIT, BEFORE YOU GO…Boston Globe via The Page:
A senior Pentagon advisory group, in a series of bluntly worded briefings, is warning President-elect Barack Obama that the Defense Department’s current budget is “not sustainable,” and he must scale back or eliminate some of the military’s most prized weapons programs.
The briefings were prepared by the Defense Business Board, an internal management oversight body. It contends that the nation’s recent financial crisis makes it imperative that the Pentagon and Congress slash some of the nation’s most costly and troubled weapons to ensure they can finance the military’s most pressing priorities.
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