What’s missing from the debt-ceiling discussion, albeit nothing new to DB readers, is spending on wars and the pentagon. It’s not even being mentioned as a possibility in any of the competing debt
plans, despite the following undeniably depressing and disgusting facts:
http://dailybail.com/home/wake-up-america-the-real-us-budget-problem-defense-war-spend.html
Related:
The Senate overwhelmingly [98-0] approved a sweeping, $631 billion defense bill Tuesday that sends a clear signal to President Obama to move quickly to get U.S. combat troops out of Afghanistan, tightens sanctions on Iran and limits the president’s authority in handling terror suspects.
Ignoring a veto threat, the Senate voted 98-0 for the legislation that authorizes money for weapons, aircraft and ships and provides a 1.7 percent pay raise for military personnel. After a decade of increasing Pentagon budgets, the vote came against the backdrop of significant reductions in projected military spending and the threat of deeper cuts from the looming “fiscal cliff” of automatic spending cuts and tax increases…
http://www.fayobserver.com/articles/2012/12/05/1222082?sac=fo.military
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