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News for Norther Colorado and the world

Sunday, April 22, 2018

Posts Tagged ‘debt deal’

Why defense spending should be cut

Why defense spending should be cut

        Why defense spending should be cut By Fareed Zakaria Published: August 3 The scary aspect of the debt deal meant to force all of Washington to its senses is the threatened cut to defense spending. If the congressional “super-committee” cannot agree on cutbacks of $1.5 trillion, the guillotine will fall and half of those cuts will have to come from expenditures on national security. As with so much Washington accounting, there is lots of ambiguity in baselines ... Full Story