After a $700B bailout, a $150B "sweetener" to the bailout, a $787B stimulus and another $410B added to the FY 2009 budget (because President Bush was just too stingy), all on top of a $3 trillion original budget, the gang that can only add decided to subtract. Next year's federal budget of about $3.7 trillion just doesn't have room to keep all of today's Defense programs going.
So far, no surprise. President Obama asked for a 10% cut. Barney Frank asked for a 25% cut. The Communist Party USA asked for a 50% cut. And Defense Secretary Robert Gates is starting to deliver...
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Gates plans major changes in defense budget
He also plans to eliminate elements of the missile defense effort...
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