Thursday, December 13, 2012

Obama and military spending

""Washington is in a fiscal panic, yet surprisingly few people are asking an obvious question: Why in the world is the Obama Administration proposing to spend $8 trillion on security over the next decade?" "Russia spent about $71 billion on defense last year, less than the U.S. spends on veterans benefits these days. Iran spends less than $8 billion a year on defense, which is loose change to DoD. China's military spending is rising fast, but last I checked their economy was dependent on exports to the United States.""