defense spending News

defense spending News From AOL News

Opinion: Houston, We Have a Spending Problem

In his State of the Union speech on Tuesday, President Barack Obama said that a key to "winning the future" is to "make sure we aren't buried under a mountain of debt." "Mountain" doesn't really do justice to how much debt the country has piled up. Right now the federal debt tops $14 trillion. To get a sense of how huge...

Gates' Big Knife at the Pentagon: Who Wins, Who Loses

The official Pentagon spending request is still weeks away, but some winners and losers are already emerging in the battle for a shrinking portion of the budget pie. Defense Secretary Robert Gates announced major changes to the Pentagon's budget that are expected to rein in future defense spending. "We must come to...

UK Cuts Endanger Special Relationship With US

LONDON (Oct. 15) -- Since the end of World War II, Britain has been America's most dependable ally, fighting alongside it in battle zones from Korea to Afghanistan. But leading U.S. officials are now questioning whether that special relationship can survive plans by the country's recession-hit government to brutally slash...

Military Health Care Budget a Challenge for Pentagon

News Analysis WASHINGTON (Aug. 10) -- Defense Secretary Robert Gates' vow to shut a major military command and eliminate thousands of contractor jobs to plug a "gusher of defense spending" will do little to reduce the Pentagon budget but will prove a breeze compared with cutting military health care costs. Military...

Reader Feedback: Unquenchable Defense Spending

(July 22) -- Michael Cohen is on to something here ("America's Unquenchable Defense Spending"). It is no longer just defense spending. It has crossed the line into military programs addiction, which the military and its enablers in Congress engage in, as do all of us, indirectly, who pay taxes. When legislators want to...

defense spending News From AOL

THE HUFFINGTON POST

Open Letter to the Super Committee

Over the next two months, the bipartisan "super committee" set up under the debt ceiling deal will work to find $1.2 trillion in deficit reduction over the next decade.

THE HUFFINGTON POST

It's the Defense Spending, Stupid

It hurts to watch the mainstream media's coverage of the debt ceiling debate.

Background on defense spending

A military budget (or military expenditure), also known as a defence budget, is the amount of financial resources dedicated by an entity (most often a nation or a state), to raising and maintaining an armed forces.

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