Wall Street Is Told Military Budget Will Go Up in FY 2012
Defence Stocks - U.S. Defence Secretary Robert Gates has received approval from the White House for a small increase in the Pentagon's budget for 2012 compared with 2011. Although the administration is looking for a 2.67% cut in defence spending over five years, Gates plans to shift savings from reducing overhead and inefficiencies into current weapons systems and research in order to prevent deep cuts in those programs. (theflyonthewall.com)
What, you may ask, about that $100 Billion in cuts that Gates was talking up just yesterday?
Turns out those are for future years and future people:
Like Paul Bunyan, Defense Secretary Robert Gates is going to do a lot of chopping as early as Thursday, when he's expected to detail $100 billion in new cuts to future Pentagon budgets. But some time after that, he's going to lay down his ax, leave his Pentagon E-ring office for the last time, and head west to his Washington state home overlooking Big Lake, some 50 miles north of Seattle. So just who's going to inherit his task of selling all that timber -- not to mention two wars -- to the White House, Congress and the American public?
The President has more recently spoken of cutting the war budget. However:
cutting 25% or so out of budgeted war spending (which should be ENDED) doesn't mean anything until we know whether there will be more supplemental bills outside the budget;
cutting war spending while nonetheless increasing the much larger category of military spending isn't much good; and
the talk about cutting non-"war" military spending is intended to refer to future years rather than the coming year. It is nonetheless good rhetoric as far as it goes, which is not far at all.
State of the Union UPDATE:
Freeze Non-War Spending for Five Years?
"So tonight, I am proposing that starting this year, we freeze annual domestic spending for the next five years." Thus spoke the President last night. "Domestic" spending means non-war and non-military spending. Over half of our public spending goes to wars and the military. Even the President's own catfood (deficit) commission recommended cutting $100 billion. Why leave it out of the freeze? This may be why:
"And we've sent a message ... to all parts of the globe: We will not relent, we will not waver, and we will defeat you." That's going to be expensive, and President Obama promised lower taxes on corporations in the same speech. He's already signed off on tax cuts for billionaires. Spending cuts will have to come somewhere else.
It's time to resist: http://warisacrime.org/primary
"Already, we've frozen the salaries of hardworking federal employees for the next two years. I've proposed cuts to things I care deeply about, like community action programs. The Secretary of Defense has also agreed to cut tens of billions of dollars in spending that he and his generals believe our military can do without." But those little cuts out of the $1 trillion we spend on the military each year are planned for future years, not this one. The President is expected to propose a larger military budget for the third year in a row next month. And he has thus far consistently used off-the-books supplemental bills to add more funding to his wars.
If you oppose this agenda, add your name now to a growing movement to push back.
And check out the videos and links to further action that we're adding at the bottom of the page.