Monday, February 14, 2011

Pentagon budget reduced for first time since 9/11

"The Pentagon on Monday proposed a reduced defense budget for the first time since the September 11 attacks, finding savings in the withdrawal of US troops from Iraq.

The total budget of $671 billion is down from last year's request of $708 billion but the "base" defense budget -- excluding the cost of the wars in Iraq and Afghanistan -- represents a new record at $553 billion, according to figures released by the Pentagon."

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