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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 Mint on 4/22/2014 5:09:04 PM , Rating: 0
The country is not going to go bankrupt unless the GOP forces it to via the debt ceiling.

Where else are people going to put their money? The bank? Yeah, so much more trustworthy than the gov't. The stock market? Can't get net trillions in there without an economic boom. Gold or other currencies? US dollars just change hands and become someone else's problem.

If we had insufficient labor to provide the needs of the elderly, we'd have low unemployment, not high. Cutting back the demand for goods/services from the elderly achieves nothing; in fact, it's worse, as it just shrinks the economy needlessly.

RE: US was folowing the USSR
By boeush on 4/22/2014 11:08:06 PM , Rating: 2
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.
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.)

"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad

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