Thursday, June 30, 2011

Defense Not the Cause of US Budget Deficit: Gates

Military spending is not the cause of the $1.4 trillion U.S. budget deficit, and even a "disastrous" 10 percent cut would only reduce the budget shortfall by some $50 billion — about 4 percent, Defense Secretary Robert Gates says.

Full Story:
http://www.cnbc.com/id/43587867


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