Pentagon announced $178 billion in cuts

[printer2]

“Like the other [top] military contractors, Raytheon dodged a bullet on Thursday and has good reason to believe that it will fare similarly well in future rounds of spending reductions,’’

The Pentagon announced a total of $178 billion in overall cuts but roughly $100 billion of the savings would be plowed back into new weapons priorities. The remaining $78 billion would be cut from the budget over five years.

http://www.boston.com/news/nation/wa...itical+stories

So the word on the street is that the big contractors will not feel much pain and seeing that $178 billion in saving is really $78 billion, will the spending cuts be further whittled down and was this just a PR exercise?

[jmac00]

Seriously? Is this a philosophical question?

How would anyone here know if this is a PR exercise?

[printer2]

Seriously? Is this a philosophical question?

How would anyone here know if this is a PR exercise?

Past practices?

[acmanko]

I think they should make Health Care a part of the Military and add the 700 billion to the pentagons budget, doubling the pentagons budget.