Defense spending News

Economic contraction shadows Obama's reelection

Washington - While the Obama administration touts gun control and seeks to relax immigration laws, the U.S. economy recorded its first contraction of economic growth in over three years.

In the Media by Larry Clifton

Op-Ed: $631 billion defense spending bill passes U.S. Senate 98 to 0

Washington - On December 4, the U.S. passed the massive National Defense Authorization Act (NDAA). As well as authorizing $631 billion in spending, the bill included new sanctions against Iran and a permanent ban on transfer of Guantanamo detainees to the U.S

In the Media by Ken Hanly - 9 comments

Op-Ed: The economic costs of the U.S. permanent war economy

Washington - Cuts to defense spending are often criticized as leading to lost jobs and less security. However, little attention is paid to the economic costs of what has now become a permanent war economy in the U.S.

In the Media by Ken Hanly - 3 comments

Op-Ed: Ahmadinejad and asteroids — The case for U.S. defense spending

With the unfortunate array of threats facing the United States, its allies, and the planet itself, it is a mistake to believe that the American government will - or even should - reduce its defense investments meaningfully.

In the Media by Michael Krebs - 7 comments

Op-Ed: America — The real Lord of War

No other nation offers a remote threat to America’s global military dominance, yet the nation spends nearly as much as the rest of the world combined on defense. The U.S. is in an arms race, but against whom?

In the Media by Daniel R. Cobb - 2 comments

Ron Paul issues new advertisement, sees gains with Conservatives

With Herman Cain gaining influence among Republicans and Mitt Romney announcing his intention to increase defense spending, Ron Paul released a new television ad prioritizing defense spending at American borders.

In the Media by Michael Krebs - 2 comments

Op-Ed: Debt ceiling talks a game of cat and mouse for Obama and Boehner

Washington - In what has to be described as the most pathetic displays of political leadership, President Barack Obama and House Speaker John Boehner continue engaging themselves in a cat and mouse game, all while showing what rats they truly are.

In the Media by Lynn Herrmann - 3 comments

Report: Pentagon pays billions to fraudulent defense contractors

Washington - A new report shows the US military paid out $285 billion in taxpayer dollars between '07 and '09 to over 100 defense contractors identified either as "criminally convicted of fraud" or involved in judgments, settlements, debarments and suspensions.

In the Media by Lynn Herrmann - 6 comments

President Arroyo Signs 2010 Philippine Budget Special

MANILA – President Gloria Macapagal-Arroyo signed today the 2010 national budget, which pegs this year’s government spending at P1.541 trillion ($32.8 billion, U.S.), up by eight percent compared to last year’s general appropriation.

Digital Journal Report by Antonio Figueroa