Defense Spending: In The Line Of Fire
"After the massive buildup in defense spending during the Bush administration, the defense industry is in the line of fire," says the lead of a story by Post reporters Dana Hedgpeth and Steve Mufson.
Ok, we've been hearing this for awhile now. The cuts are coming. The cuts are coming. This time, though, they really are coming, at least according to Defense Secretary Robert Gates, who recently told the Senate Armed Services Committee:
"The spigot of defense spending that opened on 9/11 is closing...With two major campaigns ongoing, the economic crisis and resulting budget pressures will force hard choices on this department,"
Naturally, the military-security-industial complex is pushing back, according to the story by Hedgpeth and Mufson.
"Defense contractors are lobbying Congress and taking out advertisements arguing against cutbacks when the economy is already suffering. Some are also angling to secure pieces of the stimulus bill for nondefense portions of their businesses."
Defense contractors as economic stimulators? Government Inc. thinks it makes sense, sort of. At least the money will flow. What do you think?
By Robert O'Harrow |
February 6, 2009; 3:51 PM ET
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