Representative Frank proposes Pentagon cuts

After Downing Street website has a posting about a recent interview of Representative Frank. The post is about cutting the Defense Budget and includes this,

Frank told the editorial board of the Standard-Times that "the Pentagon has to start choosing from its many weapons programs, and that upper-income taxpayers are going to see an increase in what they are asked to pay. The military cuts also mean getting out of Iraq sooner, he said." Frank told the Politico that "the Pentagon is probably the most wasteful organization in the federal government and people have given it a pass for years."

I am glad to see someone speak on this...

... since I think our defense spending is obscenely bloated. To get an idea of what we are sacrificing in order to deploy a missile defense system that doesn't work or to have nuclear submarines loaded with nuclear weapons, watch this video. The numbers are a bit out of date. The last Defense Spending bill was $651 billion. At the same time, our national debt has exploded as can be seen on this chart.


And of course that doesn't include the hundreds of billions just appropriated to bail out Wall Street.
Kudos to Mr. Frank for venturing to address the issue of runaway defense spending. President Eisenhower warned against the military industrial complex and we as a nation have not heeded his warning. I'm sure that some will point to a dangerous world but watch the video, we are way out of line in that regard.