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SITMOP: David Stockman (yes, *that* David Stockman) says that the United States has reached the budgetary point-of-no-return. -- (link)
Posted by
ReluctantCynic (aka reluctantcynic)
Jan 13 '11, 17:53
(No message)
Calling today's military spending running at 5.4 percent of GDP "simply an absurd level that begs for radical contraction and surgery," he said that a "reasonable target" to shrink the defense establishment would be 3 percent of GDP by 2015.
(www.rawstory.com)
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