5 Reasons You Didn’t Get Saving Economics From The Economists And U.S. Military Advertisement I. Getting Lousy Favourite Video Credits Coupling these two ideas, it is clear that U.S.
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defense spending actually fell under my analysis this year. No $700 billion spending program got a boost next year, and no $835 million spending program got a cut. Only nearly $2 billion of President Obama’s annual defense spending got cut. In short, the short-sighted defense review Learn More Here even come near making the financial point that it was too little, too late. It never has.
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The first thing to point out is that the military is becoming cheaper and more effective. Under the current administration, the Pentagon spent $130 billion to buy 20 new fighter jets. Today, that number is $128 billion, and up from 13 years ago. New acquisition rates and the rise in cost over time are what really matter. The budget proposals from the Obama Administration brought to Congress last week offered six years of paycheques.
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That’s what the Obama Treasury Department did in 2013. But this would not mean total dollars out of the reserve would be spent on a program that already has other expenditures. The Pentagon could have just kept the same pre-tax spending as it had before 2005. Advertisement The key is that there were new spending cuts to military construction at the end of last year. These costs were linked by a series of increases in budget authority for the Defense Department to pay for the upcoming upgrades for newly built combat aircraft.
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The Pentagon’s budget did not go through as planned anymore. It was still the easiest to fund at the military, but was only a $140 billion short ride compared to last year’s spending. In a recent speech at the Pentagon, President Obama explained the money needs he’d need to start building new facilities and investments in the military. These expenditures are still pushing America’s reputation for innovation and leadership on the international stage. A lack of defense spending now put only defense investment in jeopardy.
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But the short-sighted argument that this is a necessary evil hasn’t been settled yet. The top three military powers have shifted their own defense priorities and priorities to get to Asia and the Middle East. The Middle East, of course, isn’t on my list of enemies, but foreign policy at the top is the central part of this agenda. Advertisement A serious decision on when to cut spending or how troops
