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President Barack Obama is seeking to abolish two highly successful missile programs that experts say have helped the U.S. Navy maintain military superiority for the past several decades. Read more: www.washingtontimes.com...
The Tomahawk missile program—known as “the world’s most advanced cruise missile”—is set to be cut by $128 million under Obama’s fiscal year 2015 budget proposal and completely eliminated by fiscal year 2016, according to budget documents released by the Navy. Read more: www.washingtontimes.com...
In addition to the monetary cuts to the program, the number of actual Tomahawk missiles acquired by the United States would drop significantly—from 196 last year to just 100 in 2015. The number will then drop to zero in 2016. Read more: www.washingtontimes.com...
Fire Sale:Liquidation of a firm's assets at prices far below their fair market value (FMV) to achieve a quick sale, either to avoid a financial disaster or to satisfy the debts of an insolvent or bankrupt firm. Banks and other lenders usually value a firm assets at their fire sale value to judge their worth as collateral.
The Obama administration lowered its 2014 deficit forecast to $583 billion, the smallest in five years, and projected slower economic growth than seen four months ago.
In its mid-session budget update, the White House Office of Management and Budget projected this year’s deficit will be $66 billion less than its estimate on March 4.
The shortfall is estimated at $525 billion next year, compared with $564 billion expected in early March.
originally posted by: rockpaperhammock
all great nations fall eventually...
although im sure there is quite a bit of military hardware lying around that is better than this....time will tell though
As Washington grapples with the visibly important issues of debt, the role and scope of government in Americans’ daily lives, and what should encompass core U.S. foreign-policy goals, dangerous threats to our nation’s security are emerging almost unnoticed. How Washington deals with such challenges could critically affect America’s role in the world and determine whether we will remain a true superpower. Read more: www.washingtontimes.com...
China is developing what could be seen as the ultimate such weapon, a real nightmare for the U.S. Navy. Since at least the mid-1990s, Beijing has been developing a highly advanced ballistic missile, the DF-21D, popularly dubbed “the carrier-killer.” On paper, such a missile could truly complicate Washington’s ability to move naval vessels as a hedge against China’s growing military might. Read more: www.washingtontimes.com...