As we await the release from the White House of their 2013 budget later this month, I thought it would be interesting to look into the 2012 budget plan released by The White House nearly a year ago. The “Overview” claims: Key Budget Facts The Budget includes more than $1 trillion in deficit reduction—two-thirds of it from…
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Since the most recent recession began in December 2007, the United States’ government and Federal Reserve have spent unprecedented amounts of money trying to put the U.S. economy back together again. As with the story of all the king’s horses and all the king’s men efforts at repairing Humpty Dumpty, both would appear to…
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At the Pentagon yesterday, President Obama released a press statement concerning his new military strategy. The document was clear with regard to Iran, stating “U.S. policy will emphasize Gulf security, in collaboration with the Gulf Co-operation Council countries when appropriate, to prevent Iran’s development of a nuclear weapon capability and counter its destabilizing policies.”…
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The New York Times has a useful infographic outlining proposals for how to trim the defense budget. The Pentagon has committed to cutting $450 billion in spending over the next 10 years—only a small slice of the tremendous increase in war and defense spending we have seen in the previous 10 years. The graph…
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