Obama Seeks More Military Spending
Posted by Jim Harper
Last week, President Obama put in a request with Congress for $83.4 billion in extra military spending this fiscal year. That’s about $850 per U.S. family or $270 per person.
The Bush Administration was big on making supplemental spending requests for the military even though many military expenditures were entirely predictable and could have been planned [...]
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Record Deficit – Whose Fault? Your Friends. Maybe You.
Posted by Jim Harper
I was struck this morning by a news report on the record budget deficit: $482 billion. That’s about $4,800 per U.S. family or $1,500 per person. The report cited an administration official as saying that the deficit was being driven to an all-time high “by the sagging economy and the stimulus payments being [...]
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