 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Washington (AFP) Jan 4, 2011 The US military will face budget cuts as lawmakers hunt for savings to rein in the country's deficit and national debt, senior US Republican Representative Eric Cantor said Tuesday. "Everything is going to be on the table," Cantor, set to become House Majority Leader on Wednesday, told reporters. "Everybody is going to have to do more with less." Republicans, who retook the House and sliced deep into the Democratic Senate majority in November 2 elections, have vowed to cut non-defense, discretionary spending to 2008 levels in a bid to save about 100 billion dollars. Cantor indicated that the US military, embroiled in wars in Afghanistan and Iraq, would not be cut as deeply, stressing "this is going to be a majority about national security" and brushing off a question about whether the Pentagon would also be restricted to 2008 levels. Senior Republicans have also vowed a region-by-region, country-by-country, program-by-program review of US diplomatic and aid programs with an eye on making spending cuts.
Share This Article With Planet Earth
Related Links The Military Industrial Complex at SpaceWar.com Learn about the Superpowers of the 21st Century at SpaceWar.com
Israel defense merger 'gains traction'Tel Aviv, Israel (UPI) Jan 4, 2011 Discussions about merging three of Israel's state-owned defense companies - Israel Aerospace Industries, Rafael and Israel Military Industries - appear to be gaining momentum. If it comes off, the merger would create the world's 20th largest defense giant and, analysts say, give new impetus to Israeli military exports, a key revenue earner. "This is a global trend," an IAI exec ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
