Pentagon's Generous Budget Is Not Likely to See Cuts Soon, Even If Iraq War Starts to Wind Down
The Defense Department has enjoyed a long budgetary heyday, but the golden times may be nearing an end as the Iraq war, which has been eating up $10 billion a month, starts winding down and recession pressures force federal budgeteers to rein in spending.
That's the conventional wisdom, at least.
But defense spending won't drop anytime soon, experts predict. Even as the nation gasped over a $1.2 trillion federal budget for this fiscal year, estimated Tuesday by the Congressional Budget Office,... Full Story
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