Analyst: weapons, defense needs yield to tax cuts

Article Abstract:

A well-known military analyst, Loren Thompson stated that the Bush administration would not be providing sufficient funds to armed forces to meet defense needs fully as the administration gives a higher priority to other goals such as tax cuts. Under Bush administration fiscal policies, defense spending is set to tumble to 3.1 percent of gross domestic product, or US economic output.

Government expenditures, Forecasts, trends, outlooks, Dept of the Army, Forecasts and trends, Economic policy, Gross domestic product, Market trend/market analysis, United States. Army, Government finance

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A remembrance: Deficits didn't deter rising Reagan defense outlays

Article Abstract:

The 40th president of the United States, (U.S.), Ronald Wilson Reagan, was not deterred by the increasing deficits and concentrated on the defense outlays. Former President Ronald Reagan believed that the U.S. policy of increasing the defense spending could pressurize the Soviet Union, which was the U.S.'s Cold War enemy, in increasing its own defense spending.

Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Laws, regulations and rules

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Bush raises defense budget more than Reagan

Article Abstract:

The US President George W. Bush has raised the total defense spending in the war on terrorism faster than Republican President Ronald Reagan raised the military outlays in winning the Cold War. Bush has also increased discretionary federal spending more than Democratic President Lyndon B. Johnson.

Strategy & planning, Planning, Comparative analysis, Company business planning

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