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NEWS ABOUT: US military spending

Pentagon: We're Not Planning for Spending Cuts

Says it'll instead pressure Congress to change course

(Newser) - The Pentagon has no plans in place to deal with the $500 billion in spending cuts theoretically heading its way thanks to the supercommittee’s failure —and it refuses to make any now. “We are not planning for the” cuts, a Pentagon spokesman tells the New York Times... More »

Costly News: US Military's Equipment Is 'Geriatric'

Average F-15 is 25 years old

(Newser) - Precious few Americans drive cars manufactured in 1964—the same isn't true of the US Air Force. The average age of an Air Force plane ranges from 25 years for an F-15 to 47 years for refueling aircraft, the Wall Street Journal reports in a look at a pricey... More »

House GOP Refuses All Defense Cuts

Military spending a major point of contention at federal budget talks

(Newser) - House Republicans resoundingly rejected even modest cuts in defense spending last week, sending an uncomfortable message to leaders negotiating cuts for a debt ceiling deal. After three days of floor debate, the GOP shot down even modest reductions of military spending, including cuts for military bands or the Pentagon's... More »

US Wars Price Tag Nears $4T

Action in Afghanistan, Iraq, Pakistan approaching cost of WWII: study

(Newser) - The real cost of American military action in Afghanistan, Iraq, and Pakistan dwarfs the $1.3 trillion appropriated on Capitol Hill, according to a study by Brown University's nonpartisan Eisenhower Research Project. The study estimates that the war bills already paid or obligated to be paid are at least... More »

CBO: Budget Deal Cuts Much Less Than Advertised

Spending only going down $352M

(Newser) - You know that 2011 budget pact that was supposed to have yielded the " biggest annual spending cut in history "? Well, it turns out it'll produce less than 1% of the promised $38 billion in savings by the end of this budget year, according to a Congressional Budget... More »

World Military Spending Zooms to $1.6T Record

United States' $698B six times higher than No. 2 China

(Newser) - Global military spending hit a new high last year, inching up 1.3% to reach a staggering $1.6 trillion, according to a Swedish think tank. The increase itself, however, is one of the lower hikes in years, a slowdown caused by the economic crisis in many Western nations. US... More »

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