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Tuesday, November 22, 2011

DEBATE ON MILITARY SPENDING

The U.S. News and World Report debate on military spending (YES means the defense budget should be reduced; NO means the the defense budget should not be cut--MY REACTION TO EACH POSTING WILL BE IN CAPS):

1.   J. RANDY FORBESU.S. Representative and Chairman of the House Armed Services Readiness Subcommittee, Republican from Virginia (NO)




The consequences of cutting the military budget are still not understood


To quote:


Army Gen. Peter Chiarelli cautioned, "We will end up with a force that is not modernized, is an unbalanced force, and in the end, it will cost us lives." Secretary of Defense Leon Panetta went as far as to say that such cuts would amount to "shooting ourselves in the head."


THE LESS I SAY THE BETTER.  AT LAST COUNT TONIGHT, HE WAS IN LAST PLACE.

2.  Mackenzie Eaglen of the Heritage Foundation (NO)


Defense budget is not large enough to cover president's foreign policy agenda


THE HERITAGE FOUNDATION IS A CONSERVATIVE/REPUBLICAN THINK TANK.  NEED I SAY ANYTHING MORE?


3.  Korie Schake, professor at West Point (YES, but not entirely on the military)


Cuts may be necessary, but don't shift the entire burden to the military


I AGREE WITH HER, BUT, LET'S FACE IT, SHE TEACHES AT WEST POINT.

4.  Gordon Adams, professor at American University (NO)


 Restore order at the department and bring defense budgets back into line


HE WANTS TO INCREASE THE DEFENSE BUDGET.  INCREDIBLE!  I WONDER IF HE IS FUNDED BY THE MILITARY INDUSTRIAL COMPLEX?

5.  Doug Berenson, director of the Aerospace Group at Avascent Group (NO)


The solution to the debt crisis lies in entitlements and taxes, not the military budget


AVASCENT ADVISES THE MILITARY INDUSTRIAL COMPLEX.  NUFF SAID!

6.  Lawrence Korb, former Assistant Secretary of Defense (YES)


Military must play its part here to halt the deficit threat too


KORB WORKED FOR REPUBLICAN ADMINISTRATIONS, BUT IS NOW A SENIOR FELLOW WITH THE CENTER FOR AMERICAN PROGRESS, SORT OF A COUNTERPOINT TO THE HERITAGE FOUNDATION AND AMERICAN ENTERPRISE INSTITUTE.

7. Ron Paul, U.S. Congressman and Republican Candidate for President (YES)


By limiting expenditures, U.S. can actually solidify its defense


SAYS PAUL:

My Plan to Restore America does not cut one penny of defense. But it helps make America more secure, and it brings our troops home to defend this country. Under my plan, America will retain the strongest national defense in the world, but we will end expensive foreign wars, overseas nation building, and foreign welfare.


HMMM....HE IS INDICATED AS A YES, WHICH MEANS HE SHOULD ADVISE CUTTING THE MILITARY BUDGET, BUT THE QUOTE ABOVE IS CONTRADICTORY.  LET ME BITE MY TONGUE AND NOT SAY ANYTHING MORE.

8. Travis Sharp, Bacevich Fellow at the Center for a New American Security (YES)


Reductions should be a gradual process led by the military braintrust


IF LEFT TO THE GUARDIANS OF THE MILITARY BUDGET, THERE WILL BE NO REDUCTION.

9.  Patrick Takahashi, Director Emeritus at the University of Hawaii (YES)

With 50 up arrows and 14 downs, I'm leading at this point.

Go to the USNWR debate site and vote by clicking on the UP arrow if you support the article, and ping on the DOWN arrow if you disagree.

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The Dow Jones Industrials dropped 54 to 11,494 and world markets were all down, with the CAC (France) sinking almost 7%.  Gold is up $23/toz to $1704, while Brent oil is at $108/barrel, with the WTI at $97/barrel.

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Hurricane Kenneth popped up at a Category 2, almost 3, at 110 MPH off Central America, and seems headed for Hawaii.  However this storm will weaken over the next few days and dissipate.



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