Free Markets, Free People

Daily Archives: July 10, 2010

Balancing the budget on the back of the military

The very same people who spent us into fiscal insolvency have now decided that the way to recover budget savings in the coming years is to radically reduce the military and its effectiveness by reducing military spending dramatically. Certainly there are savings to be had within the military-industrial complex. But not like this.

Rep. Barney Frank’s Sustainable Defense Task Force claims to have found almost a trillion dollars that can be “saved” over 9 years by taking a meat axe to the services. Highlights, or lowlights if you prefer, of the 56 page document include:

-Reduction of the Navy from 12 planned aircraft carriers to 8 and 7 air wings.

-Reduction of the ballistic missile submarine force from the planned 14 to 6.

-Reduction of the nuclear attack submarines being built by half leaving 40 by 2020.

-4 active guided missile submarines cut.

-Freeze destroyer construction and cancel the DDG-1000 destroyer program.

-Reduce total fleet size from 287 combat ships to 230.

-Retire 6 Air Force fighter wings.

-Build 301 fewer F-35 fighters.

-Configure all nuclear strike bombers so they can only drop conventional munitions.

-Cancel additional C-17s and new refueling tanker project.

-Eliminate or curtail research on directed energy beam research and other advanced missile and space warfare defense projects.

-Slash the Army from 562,400 active duty personnel to 360,000 and eliminate approximately 5 brigade combat teams.

-Cut the Marine Corps by 30%, from 202,000 to 145,000.

-Cancel V-22 Osprey program and Expeditionary Fighting Vehicle.

-“Reset the calculation of military compensation and reform the provision of military health care” – which essentially means a reduction in pay and benefits of about $120 billion for the troops and their families.

Additionally the report unilaterally suggests the reduction of our Minuteman III nuclear deterrent missile fleet from 500 to 160 – something not required by the new START treaty.

As anyone can tell, this goes far beyond an attempt to “save” money. If all of these recommendations were accepted and passed into law, the US military would be virtually gutted, filleted and left to dry in the sun. It would essentially become a home defense force incapable of projecting the power necessary to protect the vital national interests or respond to treaty obligations of the United States. And it would leave the field wide open for super-power wannabes to make their moves.

In reality, the Frank report is the written form of an unrealistic but consistent liberal dream they’ve held close to their hearts for decades. While constantly mouthing the platitudes of supporting our military and the troops, they hold no real love for the institution or its role in our society. The real desire of the left and some Democrats is to reduce the military to a much smaller state, abandon our leadership role in the world and instead focus their efforts and our money on making the US a liberal utopia.

At this time there couldn’t be more misguided policy available even if we were to try and purposely think of one. Should the provisions of this study be put into practice, the US would go from being a protector of the free world to prey.

~McQ

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The Obama administration? Anti-business? Surely you jest …

Ben White at Politico tells us:

Obama has been happy to be seen by voters as cracking down on Wall Street but those efforts have had an unintended result: feeding a sense that the president and his party are indifferent or even actively hostile toward big business, whether those businesses are Silicon Valley tech companies, Midwestern manufacturers or Main Street small businesses.

And it is more than just politics: Obama’s aides believe confidence in the general direction of White House policy has an effect on the willingness of corporations to hire, invest and push the economy toward a more solid recovery.

We’ve all heard about the $1.8 trillion that companies and corporations have saved while they sit on the side-lines refusing to invest or hire. We’ve seen the likes of Mort Zuckerman declare that the policies and attitude of the administration are decidedly "anti-business". And we’ve seen little or no evidence that anything the government has done has, in fact, spurred economic recovery.

So – what’s the administration’s answer? A public relations campaign where they essentially tell us things have happened we know haven’t, take credit for things they had little to do with and essentially try to spin their way out of the "anti-business" label.

Or, “business as usual”:

So the White House has launched a campaign to help instill that confidence, highlighted by Obama’s remarks on Wednesday stressing his commitment to lifting trade barriers as a way to spur economic growth. That was followed by Treasury Secretary Timothy Geithner’s interview on CNBC’s “Kudlow Report” last night — following his spot on PBS’ “NewsHour” on Tuesday. Obama talked up the economy in Missouri Thursday as well.

In a Thursday interview, White House chief of staff Rahm Emanuel argued that rather than recoiling against Obama, business leaders should be grateful for his support on at least a half-dozen counts: his advocacy of greater international trade and education reform open markets despite union skepticism; his rejection of calls from some quarters to nationalize banks during the financial meltdown; the rescue of the automobile industry; the fact that the overhaul of health care preserved the private delivery system; the fact that billions in the stimulus package benefited business with lucrative new contracts, and that financial regulation reform will take away the uncertainty that existed with a broken, pre-crash regulatory apparatus.

But you see, businesses know all of that and they aren’t “grateful”, they’re alarmed.  Not only that, they don’t see private banks and financial institutions as the sole problem in the financial meltdown – but they do see government trying to pretend it was all Wall Street and greedy corporations, while Freddie and Fannie have become half a trillion dollar financial sink holes that politicians don’t want to talk about.

They also understand that the Bush tax cuts are expiring, new health care laws and taxes are pending, new and onerous regulations are in the offing and the lame duck Congress will most likely try to push through some version of cap-and-trade.  Add to that failing states like Illinois and California and the probability of higher taxes all the way around.

And then there’s the possibility of a double-dip recession.

Why wouldn’t business be sitting on their money given the “rest of the story” that the administration conveniently leaves out of their pitch?

This is a crew that has supreme confidence in their ability to propagandize anything and get away with it.  And why shouldn’t they – look who is sitting in the White House.  You’d have to believe if you can sell an empty suit to a majority of the nation, you can probably sell anything.

~McQ

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