Peter Gorenstein
Daily Ticker
Aug 15, 2011
The United States military budget accounts for over 40% of the world’s annual military expenditures and, at around $700 billion per year, more than 20% of the federal budget. The Federal government wants to curb that spending as part of deficit reduction.
Last week’s deficit deal calls for up to $350 billion in cuts over the next decade on the departments of Defense, State, Homeland Security and Veterans Affairs, among others. And, if the debt “super-committee” fails to reach a deal on $1.2 trillion in budget cuts, it will automatically trigger an additional $500 billion in cuts over the next decade.
Cutting in a bureaucracy as large and convoluted as the Pentagon is no easy task, but Stephen Glain author of State vs. Defense: The Battle to Define America’s Empire says there are three issues at the heart of their spending problem.
One Response to “Budget Buster: Pentagon Unable to Account for “Trillions,” Glain Says”
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If there are not enough jobs in the civilian market to have a reasonable level of employment, we have a “volunteer” army, that will “pay” for you to enlist. Now that is also employment and is one of the reasons that civilian jobs are hard to come by, is because the bankers need the public to fight for the resources of the world for their benefit. America is the worlds killing machine. London bankers use the USA military to do their conquering for them. A glaring criminal act that is apparent is the lack of accounting by the Pentagon. They need to have big guns pointed at their heads to give accurate accounting of 99.9% of all funding. We are being drained by white-collar crime in America, and the Pentagon and Congress are the biggest offenders.