Rationalist
Hail Voltaire
As Lockheed Martin Corp. (LMT) (LMT)’s chief predicts he may have to fire 10,000 workers under across-the- board federal spending cuts, a familiar voice is warning Republican leaders that U.S. defense readiness is at stake.
Former Vice President Dick Cheney said at a private meeting with Senate Republicans yesterday that the projected cuts totaling $500 billion could be “devastating” to military modernization and planning, South Carolina Senator Lindsay Graham told reporters.
Cheney, 71, said defense spending is “not a spigot you can turn on and turn off, that you need to keep money flowing in a predictable way so you can plan for the next war,” Graham said after the Senate Republicans’ weekly luncheon. They heard from the former vice president, who was President George H.W. Bush’s defense secretary from 1989 to 1993.
http://www.businessweek.com/news/2012-07-17/lockheed-may-fire-10-000-under-budget-cuts-stevens-says
This is unadulterated horseshit. Republicans are quick to cut social spending (which is necessary), but somehow a "$500 billion" cut to the military budget (which would be implemented over the next decade) is the end of the world. I, for one, am pleased that the military will automatically be cut, because it is the only way it will ever be cut.
The US has had more than enough bullshit wars for oil. It is time to bring the troops home and return military spending to a sane level.
Former Vice President Dick Cheney said at a private meeting with Senate Republicans yesterday that the projected cuts totaling $500 billion could be “devastating” to military modernization and planning, South Carolina Senator Lindsay Graham told reporters.
Cheney, 71, said defense spending is “not a spigot you can turn on and turn off, that you need to keep money flowing in a predictable way so you can plan for the next war,” Graham said after the Senate Republicans’ weekly luncheon. They heard from the former vice president, who was President George H.W. Bush’s defense secretary from 1989 to 1993.
http://www.businessweek.com/news/2012-07-17/lockheed-may-fire-10-000-under-budget-cuts-stevens-says
This is unadulterated horseshit. Republicans are quick to cut social spending (which is necessary), but somehow a "$500 billion" cut to the military budget (which would be implemented over the next decade) is the end of the world. I, for one, am pleased that the military will automatically be cut, because it is the only way it will ever be cut.
The US has had more than enough bullshit wars for oil. It is time to bring the troops home and return military spending to a sane level.