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Defense not the cause of budget deficit: Gates

By: Yossel in AEROSPACE & DEFENSE | Recommend this post (0)
Thu, 30 Jun 11 2:05 PM | 53 view(s)
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Defense not the cause of budget deficit: Gates

WASHINGTON (Reuters) - Military spending is not the cause of the $1.4 trillion U.S. budget deficit, and even a "disastrous" 10 percent cut would only reduce the budget shortfall by some $50 billion -- about 4 percent, Defense Secretary Robert Gates says.

David Alexander, Phil Stewart and Missy Ryan

WASHINGTON
Thu Jun 30, 2011 1:40am EDT

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http://www.reuters.com/article/2011/06/30/us-usa-gates-budget-idUSTRE75T0UF20110630




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