Wednesday, March 23, 2011

Domestic Spending Cuts and Libya

According to The Hill:
US military operations in Libya could wipe out a significant chunk of the budget cuts won by congressional Republicans in recent weeks, defense analysts say. GOP leaders have trumpeted enacted spending reductions that amount to more than $285 million per day since the beginning of March. But defense analysts say the Pentagon could be burning through more than $100 million per day in Libya, putting those budget savings at risk.
It seems as if the more the US cuts domestic spending, the more the US spends overseas...

Source: Berman, R & Bennett, J T (2011, March 21), Cost of Military Campaign in Libya Could Wipe Out GOP's Spending Cuts, The Hill.

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