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Budget Constraints Could Hurt National Defense

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posted on Nov, 5 2008 @ 07:32 PM
Taking into consideration the economic crisis that our nation is facing and the blank check given to the fed to infuse global banks, we may be facing the biggest problem this nation may have when money would be redirected to other areas in need in the nation.

Been our defense budget the biggest of any nation, the new President elect may pretty much will have to cut the defense budget to be able to finance other areas that need funding.

But will this be a good idea?

Will our nation needs to have a weak military after the weak economy and the crisis.?

Well, while any cuts will not affect immediately it will affect down the road.

With a financial crisis pinching federal coffers and deep cuts in federal spending looming, multi billion-dollar weapons purchases could take a serious hit. Neither candidate has outlined Pentagon cuts for fear of losing votes, but industry officials and analysts believe an eight-year boom in military spending is about to end.

Defense cuts could take several years to unfold, but they could hit Southern California particularly hard. Military spending has been a key economic driver, helping to offset job losses from the region's housing downturn.

Although big cutbacks are looming, analysts said military spending wouldn't drop right away because much of the Pentagon budget has already been set for the next two years. Depending on who becomes president, some programs could even get a boost.

Northrop's chief executive, Ronald D. Sugar, said that although he didn't have a "crystal ball," the global financial turmoil wasn't reducing conflict overseas. "The demand for national security is not going to diminish," he said.

[edit on 6-11-2008 by marg6043]

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