Obama Budget To Shrink Security IndustryAuthor: John Honovich, Published on Feb 27, 2009
With massive deficits building, Obama needs to cut long term spending. Obama's budget blueprint shows that cutting security/defense spending will be central to his plan.
Even the US government is acknowledging that the budget deficit simply cannot be allowed to grow out of control indefinitely. The easiest choice for Obama is to cut spending around an unpopular war.
This should come as no surprise as we have anticipated such moves since Obama's election. Nonetheless the evidence is now clear that Obama plans to (and probably needs) to focus on security/defense spending cuts.
Here are the key findings:
- Expect direct security/defense spending to drop
- Expect significant pressure on new projects/equipment spending
- Likely to have associated political resistance on general security spending
Sure but the size of the deficit almost forces cuts to be made. Cutting defense/security spending is far less likely to result in negative reactions than cuts in education, unemployment, etc. Plus, Obama's political base is generally negative to the war.
Cuts and Pressure to Continue
Right now, this is a blueprint. The reality though is this is the core strategy that we are likely to see Obama execute over the next 4 years. The economy is still deteriorating which will continue to force more cuts to be made. This blueprint shows that Obama's go-to cuts will be in security/defense.
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