Cutting Sacred Cow Defense Budget by $250 billion brings defense spending back to Clinton levels.

[Karmadillo]

But I guess it's easier to go after the elderly than it is to take on the MIC. Too bad Obama lionizes Reagan instead of Eisenhower.

http://finance.fortune.cnn.com/2011/07/15/how-to-raise-the-debt-ceiling-cut-military-spending/

FORTUNE --

How to raise the debt ceiling? Cut military spending
By Nin-Hai Tseng, writer-reporterJuly 15, 2011: 11:38 AM ET

<edit>

Admittedly, getting an agreement on cuts to defense will not be easy. It will certainly incite more drama as many Republicans and even some Democrats remain hawkish -- being perceived as unsupportive of U.S. troops abroad right now is a political risk.

But then again, as policy researchers at a Washington, DC-based think tank suggest, defense spending helped create today's fiscal problems. Today we spend about $250 billion more per year in inflation-adjusted dollars (counting war spending that includes funds for Iraq and Afghanistan) than during the Cold War, according to the Center for American Progress.

"This ballooning defense budget played a significant role in turning the budget surplus projected a decade ago into a massive deficit," according to a report released by the center on Thursday.

Researchers estimate that the U.S. could cut $100 billion in defense spending annually and still keep the military budget at the Reagan administration's peak Cold War levels of approximately $580 billion. They believe reducing the defense budget by $250 billion to $300 billion annually would still bring spending down to levels seen under presidents Eisenhower, Nixon, George H.W. Bush and Clinton.

more...

[tekisui]

1. knr

[ladjf]

2. Then do it! nt

[SidDithers]

3. Unrec...nt

Sid

[Name removed]

6. Deleted message

Message removed by moderator. Click here to review the message board rules.

[RaleighNCDUer]

7. Why? nt

[SidDithers]

8. Obama doesn't "lionize" Reagan...

No matter how much the OP wishes it were so.

Sid

[Name removed]

9. Deleted message

Message removed by moderator. Click here to review the message board rules.

[SidDithers]

11. ...

:rofl:

Sid

[Marrah_G]

4. Bombing people is more important then caring for people

Washington has their priorities fucked up.

[Poll_Blind]

5. President Obama will DO NO SUCH THING! EVEN IF IT BRINGS DOWN HIS PRESIDENCY!

PB

[RT Atlanta]

10. No pol seems to be discussing military/defense budget

It too MUST be slashed if the parties are truly serious about a long term "solution." If there's little to no-cuts in defense, that will speak volumes about where this country is headed.

[Bandit]

12. Duhhh

:shrug: We could cut it in half and still spend more than most all the rest of the world combined.