11/23/2011

So much for the fuss over the cuts to Defense

From CNN:

Rand Paul: "The interesting thing is there will be no cuts in military spending. This may surprise some people, but there will be no cuts in military spending because we're only cutting proposed increases. If we do nothing, military spending goes up 23% over 10 years. If we [make this cut], it will still go up 16%."

When asked about the "cuts" in growth being devastating Paul said:

“But what I can tell you … is that defense spending will go up $100 billion over 10 years even if we sequester $600 billion, because the curve of spending in our country is going up at about 7.5% a year. All spending goes up.”

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