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Reply #4: NYT-Mr. Gates is calling for the Pentagon’s budget to keep growing [View All]

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 01:10 AM
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4. NYT-Mr. Gates is calling for the Pentagon’s budget to keep growing
Mr. Gates is calling for the Pentagon’s budget to keep growing in the long run at 1 percent a year after inflation, plus the costs of the war. It has averaged an inflation-adjusted growth rate of 7 percent a year over the last decade (nearly 12 percent a year without adjusting for inflation), including the costs of the wars. So far, Mr. Obama has asked Congress for an increase in total spending next year of 2.2 percent, to $708 billion — 6.1 percent higher than the peak under the Bush administration.

Mr. Gates is arguing that if the Pentagon budget is allowed to keep growing by 1 percent a year, he can find 2 percent or 3 percent in savings in the department’s bureaucracy to reinvest in the military — and that will be sufficient to meet national security needs. In one of the paradoxes of Washington budget battles, Mr. Gates, even as he tries to forestall deeper cuts, is trying to kill weapons programs he says the military does not need over the objections of members of Congress who want to protect jobs.

more

http://www.nytimes.com/2010/08/10/us/10gates.html?_r=1& ...


So now a one percent growth after inflation is 'BIG CUTS'

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