budget

The Proposed 2013 Defense Budget: ‘Shaving the Balloon’

The Obama Administration came to a fork in the road this year on military spending: given the financial pressures facing the nation, it could have fundamentally set U.S. defense policy on a new path. Or it could have kept pretty much everything and just sucked it in as it tightened its belt. It has elected to do the latter, and that’s …

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