America's Military Has a Big Problem: It's Dead Broke
B1-B Lancer. Flickr/U.S. Air Force
The Pentagon has made big plans for which it lacks the money.
Tom Spoehr
January 5, 2017
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Bank Examiner Carter: “I trust you had a good year?”
George Bailey: “A good year? Uh, well, between you and me, Mr. Carter, we're broke.” — It’s a Wonderful Life
“We’re broke.” In essence, that’s the message Deputy Secretary of Defense Bob Work delivered to Defense-Secretary-in-Waiting James Mattis at the December 5 Future Strategy Forum.
Mr. Work admitted that DoD has breathtaking liabilities—as much as $88 billion a year—that ought to be addressed before procuring a single additional plane, ship or tank. Unfortunately, the situation is even worse than that.
http://nationalinterest.org/feature/americas-military-has-big-problem-its-dead-broke-18956
