“Serious conservatives should examine the defense budget, which contains tons of evidence of the liberalism run amok that they usually decry. All the talk of waste, fraud and abuse in government is vastly exaggerated; there simply isn’t enough money in discretionary spending. Most of the federal government’s spending involves transfer payments and tax expenditures, which are – whatever their merits – highly efficient at funneling money to their beneficiaries.
The exception is defense, a cradle-to-grave system of housing, subsidies, cost-plus procurement, early retirement and lifetime pension and health care guarantees. There is so much overlap among the military services, so much duplication and so much waste that no one bothers to defend it anymore. Today, the U.S. defense establishment is the world’s largest socialist economy .”
Read more: ►http://www.dailystar.com.lb/Opinion/Columnist/2011/Aug-08/The-US-benefits-from-major-defense-spending-cuts.ashx#ixzz1UP4eROWi
(The Daily Star :: Lebanon News :: ►http://www.dailystar.com.lb)