Saturday, February 28, 2009

****Erasing Red Ink: Slash the Defense Budget
More than half of the discretionary budget is defense spending (slightly less than $700 billion per year), making it a big and deserving target for cuts.   Actually security spending – which in addition to defense spending should include the budgets of the State and Homeland Security Departments, the Veterans Administration, and the interest on the national debt that arises because of such security spending – is yet a third higher, coming in at almost $900 billion.  All of these departments should also be cut back.