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Politics : Formerly About Advanced Micro Devices

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From: TimF	5/1/2007 5:26:41 PM
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Pentagon Battle Plan: Technology Advances April 30, 2007: 11:30 AM EST Apr. 27, 2007 (Investor's Business Daily) -- "Catch up" is the idea that best describes current U.S. approaches to defense spending. U.S. military procurements were chopped in half following the collapse of the Soviet Union in 1991. The downsizing was a bipartisan decision. It began under President George H.W. Bush and continued through both terms of the Clinton presidency. "The U.S. government didn't buy any new ships, tanks and planes," said Standard & Poor's (NYSE:MHP) equity analyst Richard Tortoriello. "The result is we've got equipment now that's well over 20 years old. It's aging and needs to be replaced." The U.S. Navy, for example, today has 276 active ships. This compares to 594 in 1987 and 654 in 1972. "It's time to stop talking about the problem and start rebuilding the Navy," said Joseph Callo, a retired rear admiral in the U.S. Naval Reserve. Researcher GlobalSecurity.org says the U.S. Army consisted of 18 regular divisions as the Cold War was ending in 1990. The number has shrunk to 10 in 2007, not counting National Guard units, though moves are underway to expand U.S. troop strength... money.cnn.com

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