Thursday, January 06, 2011

Pentagon to cut spending by $78 billion, reduce troop strength

The surprise announcement from Gates was a reminder for the military establishment - which has benefited from a gusher of new money over the past decade - that it will not remain exempt from painful austerity measures that federal lawmakers say will be necessary to control the soaring national debt.

In a news conference to announce what he described as efficiency measures, Gates said he hopes that 'what had been a culture of endless money . . . will become a culture of savings and restraint' at the Defense Department."

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