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Wednesday, June 15, 2011

Money grow on the trees for Pentagon?

Money grow on the trees for Pentagon?


US spends a lion's share of it's annual budget upon Pentagon needs -
it's 42% of the whole. The sum is, believe it or not, around $ 650 billion. And all this at the time when the Cold War is over and there is no real military threat looming over the country. The USA's closest rival in the expenditure, China, allocates only around 7 % of it's budget into the issue. Still the Obama administration doesn't consider cutting the military expenses, sacrificing jobs and some social benefits for the citizens instead. What's wrong with limiting the military? James Carafano of the Heritage Foundation and Lawrence Korb from the Center for American Progress are discussing the issue in RT's studio.

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