Thursday, February 19, 2009

After Stimulus Package, Pentagon Officials Are Preparing to Pare Back. [So now we watch Obama get Crucified?]

http://www.nytimes.com/2009/02/18/us/politics/18defense.html?ref=us
NYT: "WASHINGTON — Having signed into law nearly $800 billion in new spending, President Obama will now be under pressure to identify at least some budget cuts — and the Pentagon may be particularly vulnerable...Among those opposed to cuts, military industry lobbyists and members of Congress are likely to question whether cutbacks in arms purchases, with the threat of shutting down production lines, would be the proper response to an economic crisis already marked by deep job losses....On Monday at the White House, the president will convene what he has called a "fiscal responsibility summit" with budget experts and members of both parties in Congress to discuss potential savings initiatives."
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