Defense spending News

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.

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

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.

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.

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?

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.

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.

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.

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.

President Obama promised transparency, he promised not to cave in to special interest groups, and he promised to cut pork barrel spending.