Atlantis Alumni

Friday, February 19, 2010

Obama Will Increase Military Spending in 2011

Economist Jeffrey Sachs at Huffington:

Ending the wars in Iraq and Afghanistan, slashing pay to overpriced contractors and eliminating unnecessary weapons systems could perhaps save between 2% and 3% of GDP each year. These are areas where the U.S. is squandering its income and blood, yet the President's proposed budget for fiscal year 2011 would actually increase military spending to more than $750 billion from around $720 billion this year. Military spending dwarfs almost everything else. In the White House's proposed budget, military spending would be nearly six times the federal outlays on education and 26 times the outlays on development assistance and humanitarian aid -- despite the fact that the Administration often promotes development as a central pillar of our national-security strategy.

What kind of man was elected president?

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