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Major budget cuts could have ramifications for all US military branches in the years to come.

Due to increased scrutiny and frustration, the U.S. federal government is shifting monetary budgets with procurement and research and development projects likely receiving a $66 billion cut if spending caps aren’t adjusted. 
 
The current five-year spending plan is more than $115 billion above mandated defense-spending caps, which could have major ramifications.  The budget cuts would hit everything from the Lockheed Martin F-35 Lightning II to the Airbus Light Utility Helicopter and Boeing KC-46 tanker.  In addition, the U.S. Army wouldn’t be able to acquire new Black Hawk helicopters and Stryker double-hull vehicles might also face cancellation.


Boeing KC46A Tanker [Image Source: Wikipedia]
 
Moving forward, the DoD will focus on research, development, test and evaluation (RDT&E), with an estimated $63 billion spent in 2014 alone.  One of the business sectors of the RDT&E program, the Future Years Defense Plan, will see its budget continually drop – from $20 billion in 2009 down to $10 billion by 2018.
 
“There’s a difference between spending money and spending money smartly,” said James Hasik, Atlantic Council senior fellow.  “There are folks out in the world who make the argument that you have to spread money around the world wildly, because money spent on research is just good because it just leads to development.  This is not a compelling argument because there are dead ends against which you can continue to apply money and not get very far.”
 
DoD officials want to make sure basic research funding and early-stage development both receive funding through the red tape, though this will force other future military technology research onto the shelf.  
 
Congress is evaluating another wave of Base Realignment and Closure (BRAC) papers in 2017, giving the DoD the ability to close bases on an individual basis.

Source: Defense News



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RE: US was folowing the USSR
By CaedenV on 4/22/2014 4:09:50 PM , Rating: 2
Self refuting argument?
The article is about how defense spending is shrinking year over year, not expanding. In total we have been slashing our defense budget spending substantially for years simply by not keeping with inflation, and now it is a relatively small part of our overall budget compared to just about everything else. Yes, we spend a lot more real money than most other countries, but the fact is that we are a bigger country and we CAN and DO afford that part of our budget quite easily.

What has potential to bankrupt our country is much more similar to Japan's issues in that we have an age bubble moving through the system. We have a large population approaching (and putting off) a retirement that was expected and planned for a lifespan of 60-70 years and will instead be living some 80-90 years. This life extension was unexpected and impossible to plan for, and now the US is desperately trying to shift the costs associated with it from the individuals to the overall society in hopes that it will more gracefully handle this load than individual planning.

Point being that our defense spending is such a small drop in the bucket compared to almost everything else that it is trivial to complain about. The only hope that we have in the US for getting through the next 20-30 years is that cheap power and reliable automation kick in ahead of the bulk of the baby boomer retirement. If it does, then we will be able to grow our economy fast enough to pay for everything; and if it does not then we are in for a world of hurt for a while.

Thankfully, after that 20-30 years then things will even out again just in time for me to retire in peace :D

Note to those in their mid 50's to late 60's of the 'baby boomer' generation: Please understand that my generation is not nearly as annoyed at your retirement (or lack of retirement) as we all seem. Just as you feel you are facing an impossible situation with retirement, my generation also feels that same strain in other ways; but we lack the experience and wisdom to deal with this pressure 'gracefully'. You guys are our parents and grandparents, and while we often do not act like it, we do appreciate all that you have done for us.


RE: US was folowing the USSR
By Spuke on 4/22/2014 5:01:56 PM , Rating: 2
quote:
Thankfully, after that 20-30 years then things will even out again just in time for me to retire in peace :D
Ohhh noooo! You gotta stay working! You can retire when you die!


RE: US was folowing the USSR
By Mint on 4/22/14, Rating: 0
RE: US was folowing the USSR
By boeush on 4/22/2014 11:08:06 PM , Rating: 2
quote:
Cutting back the demand for goods/services from the elderly achieves nothing; in fact, it's worse, as it just shrinks the economy needlessly.
Every additional dollar debt-spent into the economy, increases the quantity of dollars in circulation, thereby devaluing all existing savings. Savings, you ought to note, is also capital -- and the only means available for the 'little people' to reliably build tangible wealth. Through sustained inflation and routine deficit spending, the government is not achieving economic stimulus. On the contrary, it is engineering economic decay.

What it is achieving, is destruction of capital, inhibition of capital formation (savings), and instigation of capital misallocation -- where risk of malinvestment is viewed as preferable to the certainty of getting robbed by inflation. Thus we replace productive enterprises with speculation; we replace value creation with net-negative financialization schemes that rob Peter to pay Paul while siphoning off a stream of interest into the pockets of financial elites, and at the same time driving up asset prices to unsustainable and unaffordable levels. And it also hits people on fixed income (e.g. living off institutional bond yields) particularly hard. Yes, those very same elderly (as well as all the retirement and pension funds that were built on the premise of perpetual 8% yearly ROI... LOL) -- i.e. the very people you're so concerned about 'helping'.

It's a system that's deliberately feeding increasingly obscene economic manias and busts. It's nothing but a system of institutionalized highway robbery. And on top of that, it's utterly unsustainable because it is predicated upon a never-ending exponential growth in consumption (which in itself is sheer mathematical and physical idiocy) -- but no concomitant growth in production or population or energy or resource availability.
quote:
Where else are people going to put their money?
So who are these 'people' that have money? Are they corporations? Because real living human beings in this country tend not to have savings: they only have ever-escalating debt. Which is considered a 'good thing' because otherwise what else could backfill a hole in the 70% of our economy ("services"), after we've willfully surrendered most actual production (i.e. real wealth creation) to foreign sweatshops and slave plantations via "free trade" agreements?

Maybe you view as desirable a national trajectory toward a feudal system where 300,000,000 serfs slave away all their lives for the benefit of 3,000 mega-wealthy barons; I on the other hand, find this trajectory deeply unjust, unacceptable, and ultimately doomed to a bloody and violent resolution (as history illustrates aplenty, the world over.)


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