RealNews

Military Spending Sparks Warnings

A sharp jump in military spending under President Bush has lifted defense budgets to levels not seen since the height of the Reagan buildup of the early 1980s, prompting warnings by lawmakers and defense analysts that the surge may no longer be sustainable in a time of deepening deficits. The military bills, which are approaching $500 billion a year, reflect an exceptional confluence of events, as the Pentagon attempts to cover the costs of stabilizing Iraq and Afghanistan while pursuing an array of new weaponry, exploring revolutionary technologies and caring for an all-volunteer military. In a sign of mounting pressure to constrain the Pentagon’s purse, the Senate Budget Committee voted last week to trim $7 billion from Bush’s defense request. Defense hawks vowed to restore the money and to block a similar cost-cutting move expected in the House. Full Story

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