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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: elmatador	9/15/2010 5:07:32 AM
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20% or more cuts recently announced by America’s key European allies, Admiral Mullen said the Pentagon only had a limited time in which to act before similar changes would be imposed upon the country, given the sharply rising level of US national debt US military chief warns on spending By Edward Luce and Daniel Dombey in Washington Published: September 15 2010 02:12 \| Last updated: September 15 2010 02:12 The Pentagon needs to take prompt action to bring its spending under control to stave off the kind of “drastic” defence cuts afflicting Britain and Germany, according to Mike Mullen, the most senior US military official. Referring to the 20% or more cuts recently announced by America’s key European allies, Admiral Mullen said the Pentagon only had a limited time in which to act before similar changes would be imposed upon the country, given the sharply rising level of US national debt. ft.com This is pointing to a very peaceful world...

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