The New Austerity

At a time when pensions and ever other type of non-corporate type of spending is under fire, even the military is expected to make sacrifices.  see

Drew, Christopher. 2010. “Military Costs Under Review in Bid to Trim Waste.” New York Times (28 June).

http://www.nytimes.com/2010/06/28/business/28contracts.html?ref=business

take-away line: “Mr. Gates has said he would like to see the Pentagon’s base budget, excluding the war costs, grow each year by 1 to 2 percent after inflation.”

1 comment so far

  1. mark hansen on

    it certainly seems the pentagon will have to cut a new hole in its belt to work with all that tightening.


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