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This has been used in the past (by Standard & Poor's, for exemple) to push for budget cuts in - you guessed it - "unsustainable" social or healthcare spending.

What's new is that they mention cuts in the military budget, but the same call comes - really - from the Pentagon...


Pentagon board says cuts essential - Tells Obama to slash large weapons programs
November 10, 2008

WASHINGTON - A senior Pentagon advisory group, in a series of bluntly worded briefings, is warning President-elect Barack Obama that the Defense Department's current budget is "not sustainable," and he must scale back or eliminate some of the military's most prized weapons programs.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Wed Nov 12th, 2008 at 11:20:57 AM EST
[ Parent ]
The first time "and heads explode" was of course the talk about having to close military bases all around the world..

really it is a first in MSM american media.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 12th, 2008 at 11:40:24 AM EST
[ Parent ]
with all the causes for head explosions we hear about, it gets a bit confusing at times...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Wed Nov 12th, 2008 at 11:56:25 AM EST
[ Parent ]
There was a story about the Obama people slashing weapons systems the other day.  This would provide some nice cover.

WHEEEEEEEEEEEEEEEEEEEEE!
by Drew J Jones (blahblahblah@blahblahblah.com) on Wed Nov 12th, 2008 at 12:13:00 PM EST
[ Parent ]
This is to say nothing of the fact that, in a new report from PriceWaterhouseCoopers, the savings from getting out of Iraq ($120bn annually) would free up more than enough money in the budget for the health care bill ($75bn) and the energy bill ($15bn).  Now that still obviously leaves us with a hole, since much of it is off-budget borrowing, but still, our capacity to do what we need to do is easily there before he's even repealed the Bush tax cuts.  And, if needed, he could scrap the middle- and working-class tax cuts -- not likely for now but certainly doable once things get moving again -- and easily put us in pretty good shape.

WHEEEEEEEEEEEEEEEEEEEEE!
by Drew J Jones (blahblahblah@blahblahblah.com) on Wed Nov 12th, 2008 at 02:07:01 PM EST
[ Parent ]

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