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March 10th, 2010, 10:57 AM
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Admiral
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Defense Spending Headed Down
That’s what defense industry insider and analyst Loren Thompson says. It’s hard to imagine that given the country’s ugly fiscal situation, annual defense outlays of $700 billion will continue. Thompson peruses the 2010 QDR and finds another reason why defense spending will turn south: lack of an urgent threat sufficient to focus lawmakers and taxpayers. [...]
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