StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



weapons systems

Posted by Gordon Adams

By now much virtual ink has been devoted to the “cuts” that Secretary of Defense Robert Gates proposes in the defense budget and defense programs.  These have been treated as a clear statement of intention that DOD will contribute to the overall effort at restraining federal spending, the deficit, and the growing national debt.   

In reality, the Gates strategy does not make any contribution to restraining federal spending or reducing the deficit.  And in trying to avoid cutting his budget, he is putting the Pentagon behind the curve in the growing effort to discipline the federal budget and on a collision course with other parts of federal spending and revenues. 



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